Gray Television, Inc. (NYSE:GTN) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.89 per share from $ 577.04 million in revenue.
For the full year, analysts predict revenues of $ 2218.32 million, while looking forward to income of $ 2.53 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 590.00 million ~ $ 600.00 million
Full Year 2020 topline are forecasted in a range of$ 2,375.00 million ~ $ 2,425.00 million
Click Here For More Historical Outlooks Of Gray Television, Inc.
Previous Quarter Performance
Gray Television, Inc. reported loss for the second quarter of $ 0.02 per share, from the revenue of $ 451.00 million. The quarterly revenues declined 11.22 percent compared with the same quarter last year. Wall street analysts are predicting, GTN to report 2Q20 income of $ 0.03 per share from revenue of $ 460.69 million. The bottom line results missed street analysts by $ 0.05 or 166.67 percent, at the same time, top line results fell short of analysts by $ 9.69 million or 2.1 percent.
Stock Performance
Shares of Gray Television, Inc. traded low $ -0.41 or -2.99 percent on Wednesday, reaching $ 13.28 with volume of 766.20 thousand shares. Gray Television, Inc. has traded high as $ 13.59 and has cracked $ 13.16 on the downward trend
The closing price of $ 13.28, representing a 60.49 % increase from the 52 week low of $ 8.53 and a 40.66 % decrease over the 52 week high of $ 23.07.
The company has a market capital of $ 1.28 billion and is part of the Consumer Cyclical sector and Broadcasting – TV industry.
Recent Analyst recommendations
- On 15th October 2020, initiated by Loop Capital at Buy rating, with $ 21.00 target price.
Conference Call
Gray Television, Inc. will be hosting a conference call at 11:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gray.tv
Gray Television, Inc., a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network. The company also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES!
