Gray Media Inc. (GTN) is Attracting Investor Attention: Here is What You Should Know

Core Viewpoint - Gray Media (GTN) has seen significant stock performance recently, with a return of +38.1% over the past month, outperforming the S&P 500 composite's +9.1% and the Zacks Broadcast Radio and Television industry’s +18.5% [2] Earnings Estimate Revisions - For the current quarter, Gray Media is expected to report a loss of $0.17 per share, reflecting a change of -288.9% year-over-year, with the Zacks Consensus Estimate changing by -466.7% in the last 30 days [5] - The consensus earnings estimate for the current fiscal year is -$0.84, indicating a change of -125% from the previous year, with a revision of -211.1% over the last month [5] - For the next fiscal year, the consensus earnings estimate is $2.86, showing a change of +440.5% from the prior year, although this estimate has decreased by 12% recently [6] - Gray Media holds a Zacks Rank 3 (Hold), indicating a neutral outlook based on earnings estimate revisions [7] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $788 million, representing a year-over-year decline of -4.6% [11] - For the current fiscal year, the sales estimate is $3.15 billion, indicating a change of -13.7%, while the next fiscal year is projected at $3.65 billion, reflecting a growth of +16.2% [11] Last Reported Results and Surprise History - In the last reported quarter, Gray Media generated revenues of $782 million, a decrease of -5% year-over-year, with an EPS of -$0.23 compared to $0.79 a year ago [12] - The reported revenues exceeded the Zacks Consensus Estimate of $772 million by +1.3%, and the EPS surprise was +53.06% [12] - Over the last four quarters, the company surpassed EPS estimates once and exceeded revenue estimates twice [13] Valuation - Gray Media is graded A on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [17]