TEGNA Inc. (TGNA) Q3 Earnings and Revenues Lag Estimates

Core Insights - TEGNA Inc. reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.35 per share, and down from $0.94 per share a year ago, representing an earnings surprise of -5.71% [1] - The company posted revenues of $650.79 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 1.35%, and down from $806.83 million year-over-year [2] - TEGNA shares have increased by approximately 9.1% since the beginning of the year, compared to the S&P 500's gain of 14.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.45 on revenues of $703.79 million, and for the current fiscal year, it is $1.62 on revenues of $2.72 billion [7] - The estimate revisions trend for TEGNA was unfavorable prior to the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Broadcast Radio and Television industry, to which TEGNA belongs, is currently in the top 38% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]