Gray Media Falls 3.17% After 13% Monthly Rally, Q4 EPS Seen at -$0.28
Gray Media shares declined 3.17% in the latest session, underperforming the S&P 500’s 0.28% drop, despite a 13% month-to-date gain. Analysts project a 117.6% EPS decline to negative $0.28 on $778 million revenue for Q4 with full-year EPS at -$1.45.
1. Latest Stock Performance
Gray Media shares fell 3.17% in the latest session to $4.88, underperforming the S&P 500’s 0.28% drop and the Dow’s 0.54% decline, though they have climbed 13% over the past month versus a 1% sector loss.
2. Q4 and Full-Year Forecast
Analysts project Q4 earnings of -$0.28 per share, down 117.6% year-over-year, with revenue of $778 million, a 25.6% decrease. Full-year consensus estimates call for EPS of -$1.45 and revenue of $3.08 billion, declines of 143.2% and 15.5% respectively.
3. Valuation Metrics
The stock trades at a forward price-to-earnings ratio of 1.74, representing a steep discount to the Broadcast Radio and Television industry average forward P/E of 10.54.
4. Analyst Consensus and Buy Rating
Consensus EPS estimates have risen 17.9% over the past month and analysts assign the company a buy rating, reflecting optimism about its near-term profit potential and share momentum.