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Gray Media (GTN) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Gray Media (GTN - Free Report) closed at $4.58, marking a -2.55% move from the previous day. This change lagged the S&P 500's 0.52% loss on the day. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 0.21%.
The broadcast television company's shares have seen an increase of 2.84% over the last month, not keeping up with the Consumer Discretionary sector's gain of 4.8% and outstripping the S&P 500's loss of 1.21%.
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 full year, the Zacks Consensus Estimates are projecting earnings of $2.35 per share and revenue of $3.63 billion, which would represent changes of +313.64% and +17.32%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. Within the past 30 days, our consensus EPS projection has moved 1.74% higher. Currently, Gray Media is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Gray Media is at present trading with a Forward P/E ratio of 2. This valuation marks a discount compared to its industry average Forward P/E of 9.76.
One should further note that GTN currently holds a PEG ratio of 0.1. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Broadcast Radio and Television stocks are, on average, holding a PEG ratio of 0.85 based on yesterday's closing prices.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 38, finds itself in the top 16% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Gray Media (GTN) Dips More Than Broader Market: What You Should Know
In the latest trading session, Gray Media (GTN - Free Report) closed at $4.58, marking a -2.55% move from the previous day. This change lagged the S&P 500's 0.52% loss on the day. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 0.21%.
The broadcast television company's shares have seen an increase of 2.84% over the last month, not keeping up with the Consumer Discretionary sector's gain of 4.8% and outstripping the S&P 500's loss of 1.21%.
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 full year, the Zacks Consensus Estimates are projecting earnings of $2.35 per share and revenue of $3.63 billion, which would represent changes of +313.64% and +17.32%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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. Within the past 30 days, our consensus EPS projection has moved 1.74% higher. Currently, Gray Media is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Gray Media is at present trading with a Forward P/E ratio of 2. This valuation marks a discount compared to its industry average Forward P/E of 9.76.
One should further note that GTN currently holds a PEG ratio of 0.1. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Broadcast Radio and Television stocks are, on average, holding a PEG ratio of 0.85 based on yesterday's closing prices.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 38, finds itself in the top 16% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.