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Why Gray Media (GTN) Dipped More Than Broader Market Today
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Gray Media (GTN - Free Report) closed at $4.40 in the latest trading session, marking a -1.35% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.09% for the day. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 2.15%.
Coming into today, shares of the broadcast television company had lost 3.67% in the past month. In that same time, the Consumer Discretionary sector gained 0.95%, while the S&P 500 gained 2.44%.
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 Zacks Consensus Estimate for revenue is projecting net sales of $955.5 million, up 27.57% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.35 per share and a revenue of $3.63 billion, representing changes of +313.64% and +17.32%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.64% increase. Right now, Gray Media possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Gray Media is currently being traded at a Forward P/E ratio of 1.9. This expresses a discount compared to the average Forward P/E of 9.54 of its industry.
Investors should also note that GTN has a PEG ratio of 0.09 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Broadcast Radio and Television industry had an average PEG ratio of 0.9.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 64, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Why Gray Media (GTN) Dipped More Than Broader Market Today
Gray Media (GTN - Free Report) closed at $4.40 in the latest trading session, marking a -1.35% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.09% for the day. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 2.15%.
Coming into today, shares of the broadcast television company had lost 3.67% in the past month. In that same time, the Consumer Discretionary sector gained 0.95%, while the S&P 500 gained 2.44%.
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 Zacks Consensus Estimate for revenue is projecting net sales of $955.5 million, up 27.57% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.35 per share and a revenue of $3.63 billion, representing changes of +313.64% and +17.32%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.64% increase. Right now, Gray Media possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Gray Media is currently being traded at a Forward P/E ratio of 1.9. This expresses a discount compared to the average Forward P/E of 9.54 of its industry.
Investors should also note that GTN has a PEG ratio of 0.09 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Broadcast Radio and Television industry had an average PEG ratio of 0.9.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 64, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.