Gray Television(US:GTN) ZACKS·2026-01-28 23:50Core Viewpoint - Gray Media's stock has experienced a significant decline, with a notable drop in earnings expected in the upcoming financial results release Group 1: Stock Performance - Gray Media (GTN) closed at $4.21, reflecting a -3% change from the previous day, which is less than the S&P 500's daily loss of 0.01% [1] - The stock has fallen by 10.88% over the past month, underperforming the Consumer Discretionary sector's loss of 4.26% and the S&P 500's gain of 0.78% [1] Group 2: Earnings Expectations - Gray Media is set to announce its earnings on February 26, 2026, with an expected EPS of -$0.05, indicating a 103.14% decline compared to the same quarter last year [2] - For the full year, analysts predict an EPS of -$1.11 and revenue of $0 million, representing changes of -133.04% and 0% from the previous year [3] Group 3: Analyst Estimates and Valuation - Recent changes to analyst estimates for Gray Media are crucial for investors, as positive revisions can indicate a favorable business outlook [3] - The Zacks Rank system, which evaluates estimate changes, currently ranks Gray Media at 3 (Hold), with the consensus EPS estimate remaining stagnant over the past month [5] - Gray Media's Forward P/E ratio is 1.76, significantly lower than the industry average of 11.79, indicating a valuation discount [6] Group 4: Industry Context - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 71, placing it in the top 29% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]