The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Gray Television (NYSE:GTN) and the rest of the broadcasting stocks fared in Q4.
Most consumer discretionary businesses succeed or fail based on the broader economy. Over the past six months, it seems like demand trends are working against their favor as the industry
has tumbled by 9.1%. This drawdown was worse than the S&P 500’s 1.7% fall.
While profitability is essential, it doesn’t guarantee long-term success.
Some companies that rest on their margins will lose ground as competition intensifies - as Jeff Bezos said, "Your margin is my opportunity".
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how broadcasting stocks fared in Q4, starting with FOX (NASDAQ:FOXA).
Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
A number of stocks fell in the afternoon session after President Trump criticized the Federal Reserve's approach to interest rate cuts, warning that the pace was slow and could hinder economic growth. Trump's comments added pressure to an already sensitive market, raising concerns about political interference in monetary policy.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the broadcasting industry, including E.W. Scripps (NASDAQ:SSP) and its peers.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Local television broadcasting and media company Gray Television (NYSE:GTN) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 20.9% year on year to $1.05 billion. On the other hand, next quarter’s revenue guidance of $769.5 million was less impressive, coming in 3.7% below analysts’ estimates. Its GAAP profit of $1.59 per share was 25.7% above analysts’ consensus estimates.
Local television broadcasting and media company Gray Television (NYSE:GTN)
will be reporting results tomorrow before market hours. Here’s what to look for.
Most consumer discretionary businesses succeed or fail based on the broader economy. Lately, it seems like demand trends have worked in their favor as the industry has returned 15.5% over the past six months,
outpacing S&P 500 by 6.6 percentage points.
What a brutal six months it’s been for Gray Television. The stock has dropped 34.1% and now trades at $3.37, rattling many shareholders. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at E.W. Scripps (NASDAQ:SSP) and the best and worst performers in the broadcasting industry.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Sinclair (NASDAQ:SBGI) and its peers.
