Gray Media Slips 1.23% as Q1 EPS Forecast Plunges 117.6%
Gray Media shares closed at $4.80, down 1.23% versus a 0.01% S&P 500 decline, and underperformed the Dow’s 0.13% and Nasdaq’s 0.16% losses. Analysts project Q1 EPS of –$0.28 (–117.6% YoY) on $778 million sales (–25.6% YoY) ahead of Feb 26 results.
1. Session Performance
Gray Media closed at $4.80, down 1.23% from the prior session, compared with a 0.01% drop in the S&P 500, a 0.13% decline in the Dow and a 0.16% fall in the Nasdaq.
2. Monthly Gain vs Peers
Shares have risen 13.82% over the past month, outperforming the Consumer Discretionary sector’s 2.07% loss and the S&P 500’s 0.28% retreat.
3. Upcoming Earnings Outlook
The company will report Q1 results on February 26, with consensus estimates calling for EPS of –$0.28, down 117.61% year-over-year, and revenue of $778 million, a 25.55% decrease.
4. Valuation and Analyst Sentiment
Gray Media trades at a forward P/E of 1.68 versus its industry average of 11.4. Analysts have raised EPS estimates by 17.89% in the past month and assign a strong buy rating.