Gray Media (GTN) Stock Dips While Market Gains: Key Facts

Company Performance - Gray Media (GTN) closed at $4.34, reflecting a decrease of -2.03% from the previous day, underperforming the S&P 500 which gained 0.16% [1] - Over the last month, Gray Media's shares have decreased by 16.89%, contrasting with the Consumer Discretionary sector's gain of 2.14% and the S&P 500's gain of 1.89% [1] Earnings Expectations - The upcoming earnings report for Gray Media is anticipated to show an EPS of -$0.05, representing a decline of 103.14% from the same quarter last year [2] - For the entire fiscal year, the Zacks Consensus Estimates project earnings of -$1.4 per share and revenue of $0 million, indicating changes of -141.67% and 0% respectively from the prior year [2] Analyst Estimates and Valuation - Recent changes to analyst estimates for Gray Media are important as they reflect the evolving business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Gray Media at 3 (Hold), with a Forward P/E ratio of 1.8, significantly lower than the industry average Forward P/E of 11.91 [5] Industry Context - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 96, placing it in the top 40% of over 250 industries [6] - Research indicates that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [6]