Gray Television Earnings: Here’s Why Investors Like These Results

Gray Television Inc. (NYSE:GTN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.80%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Gray Television Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 50% to $0.02 in the quarter versus EPS of $0.04 in the year-earlier quarter.

Revenue: Decreased 3.06% to $78.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gray Television Inc. reported adjusted EPS income of $0.02 per share. By that measure, the company beat the mean analyst estimate of $-0.01. It beat the average revenue estimate of $76.55 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 38.23% from $126.59 million in the previous quarter. EPS decreased 97.4% from $0.77 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.08 to a profit $0.1. For the current year, the average estimate has moved up from a profit of $0.27 to a profit of $0.31 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)