ATLANTA, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Gray Media (NYSE: GTN) today announced comprehensive coverage plans for the 2024 Democratic National Convention. Starting Monday, August 19, through the conclusion of the convention on Thursday, August 22, Gray's Washington DC Bureau and news teams from 13 Gray affiliates will report from Chicago on the local impact of the presidential and vice presidential nomination process and the Democratic party platform. Coverage will be carried on Gray's local affiliates and ...

Financial Performance - Gray Television reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.10 per share, compared to a loss of $0.10 per share a year ago, indicating an earnings surprise of -10% [1] - The company posted revenues of $826 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.96%, but showing an increase from year-ago revenues of $813 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates just once, while it has topped consensus revenue estimates three times [2] Stock Performance - Gray Television shares have lost about 41.3% since the beginning of the year, contrasting with the S&P 500's gain of 9% [3] - The current status of estimate revisions is unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $1.48 on $1.01 billion in revenues, and $5.15 on $3.88 billion in revenues for the current fiscal year [7] - The outlook for the industry, specifically the Broadcast Radio and Television sector, is currently in the bottom 25% of the Zacks industry rankings, which may negatively impact stock performance [8]

Gray Television (GTN) is set to report second-quarter 2024 results on Aug 8. For the second quarter, GTN expects revenues between $828 million and $846 million. The Zacks Consensus Estimate for revenues is currently pegged at $834 million, suggesting an increase of 2.58% from the figure reported in the year-ago quarter. The consensus mark for second-quarter earnings per share has remained unchanged at 10 cents in the past 30 days, indicating an increase of 200% from the year-ago quarter's reported figure. G ...

Gray Television (GTN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this broadcast television company have returned +18.5%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Broadcast Radio and Television industry, which Gray Television falls in, has lost 3.4%. The key question now is: What could be the stock's futur ...

Contact: Robby Thomas Vice President & General Manager WIS 10 – wistv.com (803) 799-1010 – robby.thomas@wistv.com COLUMBIA, S.C., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Palmetto Sports & Entertainment, Gray Media's newest sports broadcast channel, will launch in October 2024 on South Carolina stations WPAM 18.1 and WIS 10.4 in Columbia, WHNS 21.2 in Greenville-Asheville-Spartanburg, WZCH 35.3 in Charleston, and WMBF 32.3 in Myrtle Beach. The new network will be based out of Gray's WIS-TV in Columbia and will foc ...

Shares of the broadcast television company have appreciated by 25.48% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 0.46% and the S&P 500's gain of 0.1%. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Gray Television. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and prof ...

CLEVELAND, July 25, 2024 (GLOBE NEWSWIRE) -- Rock Entertainment Group (REG), the umbrella entity that houses Dan Gilbert's sports and entertainment properties under the ROCK Family of Companies, and Gray Media ("Gray") (NYSE: GTN), owner of WOIO and WUAB in Cleveland and WXIX in Cincinnati, have reached an agreement to launch "Rock Entertainment Sports Network." The parties plan for the new network to start over-the-air on Gray's television stations in Cleveland and Cincinnati this August, with future over- ...

CLEVELAND, July 25, 2024 (GLOBE NEWSWIRE) -- Rock Entertainment Group (REG), the umbrella entity that houses Dan Gilbert's sports and entertainment properties under the ROCK Family of Companies, and Gray Media ("Gray") (NYSE: GTN), owner of WOIO and WUAB in Cleveland and WXIX in Cincinnati, have reached an agreement to launch "Rock Entertainment Sports Network." The parties plan for the new network to start over-the-air on Gray's television stations in Cleveland and Cincinnati this August, with future over- ...

Atlanta, July 16, 2024 (GLOBE NEWSWIRE) -- The Society of Professional Journalists has awarded InvestigateTV, Gray Media's ("Gray") (NYSE:GTN) national investigative team and WVUE, Gray's FOX affiliated television station in New Orleans, Louisiana, with three prestigious 2023 Sigma Delta Chi Award for Excellence in Journalism. Founded in 1909 as Sigma Delta Chi, the Society of Professional Journalists (SPJ) is the nation's most broad-based journalism organization, dedicated to the free flow of information a ...

Of the six recommendations that derive the current ABR, four are Strong Buy, representing 66.7% of all recommendations. Brokerage Recommendation Trends for GTN Check price target & stock forecast for Gray Television here>>> The ABR suggests buying Gray Television, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for pr ...