Gray Media (GTN) Reports Q2 Loss

Core Insights - Gray Media reported a quarterly loss of $0.42 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.23, marking an earnings surprise of -82.61% [1] - The company's revenues for the quarter ended June 2025 were $772 million, aligning with the Zacks Consensus Estimate but down from $826 million a year ago [2] - The stock has increased by approximately 31.4% since the beginning of the year, outperforming the S&P 500's gain of 7.8% [3] Financial Performance - Over the last four quarters, Gray Media has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is -$0.32 on revenues of $755 million, and for the current fiscal year, it is -$0.74 on revenues of $3.13 billion [7] Market Outlook - The estimate revisions trend for Gray Media was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The Broadcast Radio and Television industry, to which Gray Media belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [8]