## Tegna (TGNA) Earnings Preview: What to Expect on November 7th
Investors are gearing up for Tegna Inc.’s (TGNA) upcoming quarterly earnings report, scheduled for Thursday, November 7th, 2024. Analysts are projecting an earnings per share (EPS) of $0.86, setting the stage for a potentially exciting announcement. The market is eagerly awaiting not only if Tegna can surpass these estimates but also for insights into the company’s outlook for the next quarter.
While strong earnings performance is a positive sign, it’s important to remember that market reactions often hinge on the guidance provided by companies. Investors will be keenly watching for any signals of optimism or caution regarding the future.
Looking Back at Past Earnings:
In the previous earnings release, Tegna exceeded EPS expectations by $0.02, yet the share price dipped 3.64% in the following trading session. This highlights the volatility and complex factors influencing market reactions to earnings announcements.
Here’s a glance at Tegna’s past performance and the resulting price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | 0.48 | 0.50 | -4.0% |
| Q1 2024 | 0.43 | 0.45 | 2.0% |
| Q4 2023 | 0.47 | 0.43 | -3.0% |
| Q3 2023 | 0.40 | 0.39 | -3.0% |
Tegna’s Share Performance:
As of November 5th, Tegna shares were trading at $16.06. Over the past year, shares have seen a 12.26% increase. This positive trajectory suggests that long-term shareholders are likely optimistic heading into this earnings release.
Analyst Insights:
Understanding market sentiment and expectations is crucial for investors. The consensus rating for Tegna currently stands at ‘Buy’, based on the analysis of 1 analyst. The average one-year price target of $21.0 implies a potential 30.76% upside for the stock.
Comparing Tegna to Its Peers:
To gain a broader perspective, let’s examine the analyst ratings and price targets of Sinclair, another prominent player in the media industry. Analysts favor a ‘Buy’ trajectory for Sinclair, with an average one-year price target of $23.25, suggesting a potential 44.77% upside.
Summary of Peer Analysis:
Here’s a quick comparison of key metrics for Tegna and Sinclair:
| Company | Consensus Rating | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Tegna | Buy | -2.89% | $278.32M | 2.92% |
| Sinclair | Buy | 7.94% | $404M | 5.05% |
Key Takeaways from Peer Analysis:
* Tegna exhibits a lower revenue growth rate compared to Sinclair.
* Tegna’s gross profit is also smaller than Sinclair’s.
* Tegna’s return on equity falls short of Sinclair’s.
About Tegna:
Tegna Inc. is a media company with a diverse portfolio of broadcast stations and digital platforms. The company operates television stations and radio stations across numerous U.S. markets. Tegna also owns multicast networks like True Crime Network, Twist, and Quest. Each television station maintains a robust digital presence across websites, mobile applications, connected television, and social media, reaching consumers across various devices and platforms.
Tegna’s primary revenue streams include advertising and marketing services, subscriptions, political advertising, and other services.
Financial Milestones:
*
Market Capitalization:
Tegna’s market capitalization falls below industry benchmarks, indicating a potential constraint in size. Factors like growth expectations and operational capacity could contribute to this.*
Revenue Decline:
Over a three-month period, Tegna experienced a revenue growth decline of approximately -2.89% as of June 30th, 2024. This signifies a reduction in the company’s top-line earnings and a growth rate that trails behind its peers in the Communication Services sector.*
Net Margin:
Tegna boasts a net margin that surpasses industry standards, highlighting the company’s strong financial performance. The impressive 11.49% net margin demonstrates effective cost management and robust profitability.*
Return on Equity (ROE):
Tegna’s ROE excels beyond industry benchmarks, reaching 2.92%. This metric reflects robust financial management and efficient utilization of shareholder equity capital.*
Return on Assets (ROA):
Tegna’s ROA also surpasses industry benchmarks, reaching 1.15%. This indicates efficient asset management and a strong financial foundation.*
Debt Management:
Tegna’s debt-to-equity ratio is lower than industry norms, suggesting a sound financial structure with a ratio of 1.12.To stay up-to-date on all earnings releases for Tegna, visit our earnings calendar.
