Latest news with #GrayTelevision
Yahoo
27-05-2025
- Business
- Yahoo
Q1 Earnings Review: Broadcasting Stocks Led by FOX (NASDAQ:FOXA)
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the broadcasting industry, including FOX (NASDAQ:FOXA) and its peers. Broadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. The 7 broadcasting stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.1% while next quarter's revenue guidance was 0.6% below. While some broadcasting stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.5% since the latest earnings results. Founded in 1915, Fox (NASDAQ:FOXA) is a diversified media company, operating prominent cable news, television broadcasting, and digital media platforms. FOX reported revenues of $4.37 billion, up 26.8% year on year. This print exceeded analysts' expectations by 4.3%. Overall, it was an exceptional quarter for the company with a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. FOX achieved the biggest analyst estimates beat and fastest revenue growth of the whole group. Unsurprisingly, the stock is up 8.6% since reporting and currently trades at $54.60. Is now the time to buy FOX? Access our full analysis of the earnings results here, it's free. Specializing in local media coverage, Gray Television (NYSE:GTN) is a broadcast company supplying digital media to various markets in the United States. Gray Television reported revenues of $782 million, down 5% year on year, outperforming analysts' expectations by 1.1%. The business had an exceptional quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. The market seems content with the results as the stock is up 2.3% since reporting. It currently trades at $3.80. Is now the time to buy Gray Television? Access our full analysis of the earnings results here, it's free. Occasionally featuring celebrity hosts like Ryan Seacrest on its shows, iHeartMedia (NASDAQ:IHRT) is a leading multimedia company renowned for its extensive network of radio stations, digital platforms, and live events across the globe. iHeartMedia reported revenues of $807.1 million, up 1% year on year, exceeding analysts' expectations by 2.6%. Still, it was a slower quarter as it posted a significant miss of analysts' adjusted operating income and EPS estimates. As expected, the stock is down 3.1% since the results and currently trades at $1.23. Read our full analysis of iHeartMedia's results here. Originally the joint-venture of four cable television companies, AMC Networks (NASDAQ:AMCX) is a broadcaster producing a diverse range of television shows and movies. AMC Networks reported revenues of $555.2 million, down 6.9% year on year. This number came in 2.6% below analysts' expectations. Overall, it was a slower quarter as it also logged a significant miss of analysts' EPS estimates and a miss of analysts' Affiliate revenue estimates. AMC Networks had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is down 1.3% since reporting and currently trades at $6.11. Read our full, actionable report on AMC Networks here, it's free. Spun out of Gannett in 2015, TEGNA (NYSE:TGNA) is a media company operating a network of television stations and digital platforms, focusing on local news and community content. TEGNA reported revenues of $680 million, down 4.8% year on year. This result was in line with analysts' expectations. Taking a step back, it was a satisfactory quarter as it also produced a solid beat of analysts' EPS estimates but a miss of analysts' Subscription revenue estimates. The stock is flat since reporting and currently trades at $16.64. Read our full, actionable report on TEGNA here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
12-05-2025
- Business
- Yahoo
FOX (FOXA) Q1 Earnings: What To Expect
Cable news and media network Fox (NASDAQ:FOXA) will be reporting results tomorrow morning. Here's what you need to know. FOX beat analysts' revenue expectations by 5% last quarter, reporting revenues of $5.08 billion, up 19.9% year on year. It was a stunning quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Is FOX a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting FOX's revenue to grow 21.6% year on year to $4.19 billion, a reversal from the 15.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.90 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FOX has missed Wall Street's revenue estimates twice over the last two years. Looking at FOX's peers in the broadcasting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Gray Television's revenues decreased 5% year on year, beating analysts' expectations by 1.1%, and TEGNA reported a revenue decline of 4.8%, in line with consensus estimates. Gray Television traded up 13.9% following the results while TEGNA was also up 2.5%. Read our full analysis of Gray Television's results here and TEGNA's results here. There has been positive sentiment among investors in the broadcasting segment, with share prices up 9% on average over the last month. FOX is up 3.7% during the same time and is heading into earnings with an average analyst price target of $55.22 (compared to the current share price of $51.38). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
11-05-2025
- Business
- Yahoo
FOX (FOXA) Q1 Earnings: What To Expect
Cable news and media network Fox (NASDAQ:FOXA) will be reporting results tomorrow morning. Here's what you need to know. FOX beat analysts' revenue expectations by 5% last quarter, reporting revenues of $5.08 billion, up 19.9% year on year. It was a stunning quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Is FOX a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting FOX's revenue to grow 21.6% year on year to $4.19 billion, a reversal from the 15.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.90 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FOX has missed Wall Street's revenue estimates twice over the last two years. Looking at FOX's peers in the broadcasting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Gray Television's revenues decreased 5% year on year, beating analysts' expectations by 1.1%, and TEGNA reported a revenue decline of 4.8%, in line with consensus estimates. Gray Television traded up 13.9% following the results while TEGNA was also up 2.5%. Read our full analysis of Gray Television's results here and TEGNA's results here. There has been positive sentiment among investors in the broadcasting segment, with share prices up 9% on average over the last month. FOX is up 3.7% during the same time and is heading into earnings with an average analyst price target of $55.22 (compared to the current share price of $51.38). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
11-05-2025
- Business
- Yahoo
iHeartMedia (IHRT) Q1 Earnings: What To Expect
Global media and entertainment company iHeartMedia (NASDAQ:IHRT) will be announcing earnings results tomorrow after market hours. Here's what to expect. iHeartMedia missed analysts' revenue expectations by 4.1% last quarter, reporting revenues of $1.12 billion, up 4.8% year on year. It was a slower quarter for the company, with a miss of analysts' Digital Audio revenue estimates and a significant miss of analysts' adjusted operating income estimates. Is iHeartMedia a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting iHeartMedia's revenue to decline 1.6% year on year to $786.4 million, in line with the 1.5% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. iHeartMedia has missed Wall Street's revenue estimates twice over the last two years. Looking at iHeartMedia's peers in the broadcasting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Gray Television's revenues decreased 5% year on year, beating analysts' expectations by 1.1%, and TEGNA reported a revenue decline of 4.8%, in line with consensus estimates. Gray Television traded up 13.9% following the results while TEGNA was also up 2.5%. Read our full analysis of Gray Television's results here and TEGNA's results here. There has been positive sentiment among investors in the broadcasting segment, with share prices up 9% on average over the last month. iHeartMedia is up 10.9% during the same time and is heading into earnings with an average analyst price target of $2.83 (compared to the current share price of $1.22). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Why Is Gray Television (GTN) Stock Rocketing Higher Today
Shares of local television broadcasting and media company Gray Television (NYSE:GTN) jumped 17.6% in the afternoon session after the company reported decent first quarter 2025 results which included a significant EPS beat and EBITDA that outperformed estimates. Sales dropped 5%, dragged by weak political and retransmission revenue, though gains from production companies and digital ads helped soften the blow. Zooming out, we think this was a mixed print. Is now the time to buy Gray Television? Access our full analysis report here, it's free. Gray Television's shares are extremely volatile and have had 49 moves greater than 5% over the last year. But moves this big are rare even for Gray Television and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 17 days ago when the stock dropped 6.1% on the news that President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy. Meanwhile, Fed Chair Jerome Powell maintained a cautious stance the previous week, highlighting the difficulty of balancing the dual mandate of steady employment and price stability amid the escalating trade tension. Investor sentiment was further dampened by the absence of constructive progress in trade negotiations, especially US-China relations which took a turn for the worse in the previous week. Overall, the outlook seemed more unclear heading into the first quarter 2025 earnings season, as a combination of hard to predict monetary policy and unresolved trade tensions weighed on business confidence. Gray Television is up 31.2% since the beginning of the year, but at $4.40 per share, it is still trading 38.4% below its 52-week high of $7.13 from May 2024. Investors who bought $1,000 worth of Gray Television's shares 5 years ago would now be looking at an investment worth $334.22. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
