Sinclair (SBGI) Reports Earnings Tomorrow: What To Expect
Sinclair met analysts' revenue expectations last quarter, reporting revenues of $776 million, down 2.8% year on year. It was a mixed quarter for the company, with full-year revenue guidance exceeding analysts' expectations but a significant miss of analysts' EPS estimates.
Is Sinclair a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Sinclair's revenue to decline 3.3% year on year to $801.2 million, a reversal from the 7.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.08 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sinclair has missed Wall Street's revenue estimates five times over the last two years.
Looking at Sinclair's peers in the media & entertainment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. IMAX delivered year-on-year revenue growth of 3.1%, beating analysts' expectations by 1%, and EchoStar reported a revenue decline of 5.8%, falling short of estimates by 2.2%. IMAX traded down 7.5% following the results while EchoStar was also down 19.2%.
Read our full analysis of IMAX's results here and EchoStar's results here.
Debates around the economy's health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the media & entertainment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Sinclair's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $17.14 (compared to the current share price of $14.26).
Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
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