TEGNA Shares Up 8.3% with A Momentum Score, EPS Forecast Raised to $3.00
TGNA shares have gained 8.3% over the past four weeks, driven by a Momentum Style Score of A and a VGM Score of B. One analyst raised the fiscal 2026 EPS estimate by $0.03 to $3.00, and the company has a 7.5% average earnings surprise with a Zacks Rank #3.
1. Business Overview
TEGNA is a leading local news and media provider operating 64 television and two radio stations across 51 U.S. markets, reaching 39% of television households and producing over 1,700 hours of local news each week.
2. Zacks Ratings and Style Scores
TGNA holds a Zacks Rank #3 (Hold) with a VGM Score of B, reflecting combined strength in value, growth, and momentum, and a Momentum Style Score of A, highlighting strong recent price trends.
3. Analyst Revision and Share Performance
One analyst raised TGNA’s fiscal 2026 EPS estimate by $0.03 to $3.00, and the company reports a 7.5% average earnings surprise. Shares have gained 8.3% over the past four weeks as momentum investors respond to these positive revisions.