Gray Television(GTN) ZACKS·2025-02-07 15:01Core Viewpoint - Gray Media (GTN) has shown significant stock performance recently, outperforming the S&P 500 and the broader broadcast radio and television industry, raising questions about its near-term prospects [2]. Earnings Estimate Revisions - For the current quarter, Gray Media is expected to report earnings of $1.59 per share, reflecting a substantial increase of +762.5% year-over-year, with a recent consensus estimate increase of +11.8% [5]. - The consensus earnings estimate for the current fiscal year stands at $3.32, indicating a change of +338.9% from the previous year, with a +33.3% increase in estimates over the last month [5]. - For the next fiscal year, the consensus estimate is -$0.28, showing a decline of -108.4% compared to the prior year, with a decrease of -33.3% in estimates over the past month [6]. Revenue Growth - The consensus sales estimate for the current quarter is $1.04 billion, representing a year-over-year increase of +20.7%. For the current and next fiscal years, the revenue estimates are $3.64 billion and $3.23 billion, indicating changes of +11% and -11.3%, respectively [9]. Last Reported Results and Surprise History - In the last reported quarter, Gray Media achieved revenues of $950 million, a year-over-year increase of +18.3%, with an EPS of $0.86 compared to -$0.57 a year ago [10]. - The reported revenues were slightly below the Zacks Consensus Estimate of $966 million, resulting in a revenue surprise of -1.66%, while the EPS surprise was -8.51% [11]. Valuation - Gray Media is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers, suggesting potential undervaluation [15]. Conclusion - The analysis indicates that Gray Media may outperform the broader market in the near term, supported by its Zacks Rank 2 [16].