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Gray Media (GTN) Suffers a Larger Drop Than the General Market: Key Insights
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Gray Media (GTN - Free Report) ended the recent trading session at $3.96, demonstrating a -1.98% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.01%. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 1.4%.
The stock of broadcast television company has risen by 6.6% in the past month, leading the Consumer Discretionary sector's gain of 1.27% and the S&P 500's gain of 0.32%.
The investment community will be paying close attention to the earnings performance of Gray Media in its upcoming release. The company is slated to reveal its earnings on August 7, 2026. The company is predicted to post an EPS of -$0.08, indicating a 80.95% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $788 million, up 2.07% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.8 per share and a revenue of $3.45 billion, signifying shifts of +263.64% and +11.6%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Gray Media presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Gray Media is currently exchanging hands at a Forward P/E ratio of 2.24. This denotes a discount relative to the industry average Forward P/E of 13.48.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Gray Media (GTN) Suffers a Larger Drop Than the General Market: Key Insights
Gray Media (GTN - Free Report) ended the recent trading session at $3.96, demonstrating a -1.98% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.01%. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 1.4%.
The stock of broadcast television company has risen by 6.6% in the past month, leading the Consumer Discretionary sector's gain of 1.27% and the S&P 500's gain of 0.32%.
The investment community will be paying close attention to the earnings performance of Gray Media in its upcoming release. The company is slated to reveal its earnings on August 7, 2026. The company is predicted to post an EPS of -$0.08, indicating a 80.95% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $788 million, up 2.07% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.8 per share and a revenue of $3.45 billion, signifying shifts of +263.64% and +11.6%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Gray Media presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Gray Media is currently exchanging hands at a Forward P/E ratio of 2.24. This denotes a discount relative to the industry average Forward P/E of 13.48.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.