Gray Media (GTN) Q4 Earnings Match Estimates

Financial Performance - Gray Media reported quarterly earnings of $1.59 per share, matching the Zacks Consensus Estimate, compared to a loss of $0.24 per share a year ago [1] - The company posted revenues of $1.05 billion for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 0.19%, and up from $864 million in the previous year [2] - Over the last four quarters, Gray Media has surpassed consensus revenue estimates two times [2] Stock Performance - Gray Media shares have increased approximately 22.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.30 on revenues of $795 million, and -$0.28 on revenues of $3.23 billion for the current fiscal year [7] - The estimate revisions trend for Gray Media is favorable ahead of the earnings release, which may influence future stock movements [6][5] Industry Context - The Broadcast Radio and Television industry, to which Gray Media belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a positive outlook for the sector [8]