Gray Television(US:GTN) ZACKSยท2024-10-08 14:00Core Viewpoint - Gray Television (GTN) has shown strong stock performance recently, returning +14.4% over the past month, outperforming the S&P 500 composite's +5.4% and the Zacks Broadcast Radio and Television industry's +4.7% [2] Earnings Estimate Revisions - For the current quarter, Gray Television is expected to post earnings of $0.94 per share, reflecting a significant increase of +264.9% from the same quarter last year, with the consensus estimate remaining unchanged over the last 30 days [5] - The consensus earnings estimate for the current fiscal year is $4.37, indicating a change of +414.4% from the prior year, also remaining unchanged over the last 30 days [5] - For the next fiscal year, the consensus earnings estimate is -$0.64, showing a decline of -114.5% from the expected report a year ago, with no changes in the estimate over the past month [6] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $966 million, representing a year-over-year increase of +20.3% [9] - For the current fiscal year, the sales estimate is $3.87 billion, indicating a growth of +17.9%, while the next fiscal year's estimate is $3.3 billion, reflecting a decline of -14.7% [9] Last Reported Results and Surprise History - In the last reported quarter, Gray Television generated revenues of $826 million, a year-over-year increase of +1.6%, with an EPS of $0.09 compared to -$0.10 a year ago [10] - The reported revenues were slightly below the Zacks Consensus Estimate of $834 million, resulting in a revenue surprise of -0.96%, while the EPS surprise was -10% [11] - Over the last four quarters, the company surpassed EPS estimates only once but exceeded consensus revenue estimates three times [11] Valuation - Gray Television is graded A in the Zacks Value Style Score, indicating that it is trading at a discount compared to its peers [15]