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Why the Market Dipped But Gray Media (GTN) Gained Today
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Gray Media (GTN - Free Report) ended the recent trading session at $4.77, demonstrating a +2.58% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.66%, and the tech-heavy Nasdaq lost 0.22%.
Coming into today, shares of the broadcast television company had lost 2.52% in the past month. In that same time, the Consumer Discretionary sector lost 2.69%, while the S&P 500 gained 1.4%.
The investment community will be closely monitoring the performance of Gray Media in its forthcoming earnings report. The company is scheduled to release its earnings on November 6, 2026. In that report, analysts expect Gray Media to post earnings of $0.84 per share. This would mark year-over-year growth of 450%. Meanwhile, the latest consensus estimate predicts the revenue to be $955.5 million, indicating a 27.57% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.35 per share and a revenue of $3.63 billion, indicating changes of +313.64% and +17.32%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Gray Media. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.64% increase. As of now, Gray Media holds a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Gray Media has a Forward P/E ratio of 1.98 right now. This valuation marks a discount compared to its industry average Forward P/E of 9.28.
We can also see that GTN currently has a PEG ratio of 0.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Broadcast Radio and Television stocks are, on average, holding a PEG ratio of 0.89 based on yesterday's closing prices.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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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Why the Market Dipped But Gray Media (GTN) Gained Today
Gray Media (GTN - Free Report) ended the recent trading session at $4.77, demonstrating a +2.58% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.66%, and the tech-heavy Nasdaq lost 0.22%.
Coming into today, shares of the broadcast television company had lost 2.52% in the past month. In that same time, the Consumer Discretionary sector lost 2.69%, while the S&P 500 gained 1.4%.
The investment community will be closely monitoring the performance of Gray Media in its forthcoming earnings report. The company is scheduled to release its earnings on November 6, 2026. In that report, analysts expect Gray Media to post earnings of $0.84 per share. This would mark year-over-year growth of 450%. Meanwhile, the latest consensus estimate predicts the revenue to be $955.5 million, indicating a 27.57% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.35 per share and a revenue of $3.63 billion, indicating changes of +313.64% and +17.32%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Gray Media. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.64% increase. As of now, Gray Media holds a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Gray Media has a Forward P/E ratio of 1.98 right now. This valuation marks a discount compared to its industry average Forward P/E of 9.28.
We can also see that GTN currently has a PEG ratio of 0.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Broadcast Radio and Television stocks are, on average, holding a PEG ratio of 0.89 based on yesterday's closing prices.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.