TEGNA Inc. (TGNA) Tops Q2 Earnings and Revenue Estimates

Core Insights - TEGNA Inc. reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.38 per share, but down from $0.50 per share a year ago, representing an earnings surprise of +15.79% [1] - The company achieved revenues of $675.05 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.51%, although this is a decline from $710.36 million in the same quarter last year [2] - TEGNA has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The future performance of TEGNA's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.40, with expected revenues of $678.15 million, and for the current fiscal year, the consensus EPS estimate is $1.61 on revenues of $2.74 billion [7] Industry Context - The Broadcast Radio and Television industry, to which TEGNA belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact TEGNA's stock performance [5][6]