In the latest trading session, Gray Media (GTN) closed at $4.70, marking a +1.73% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 1.21% for the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 2.6%.
Coming into today, shares of the broadcast television company had gained 0.87% in the past month. In that same time, the Consumer Discretionary sector gained 2.48%, while the S&P 500 lost 0.03%.
The investment community will be paying close attention to the earnings performance of Gray Media in its upcoming release. The company is slated to reveal its earnings on November 6, 2026. The company's upcoming EPS is projected at $0.84, signifying a 450.00% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $955.5 million, indicating a 27.57% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.35 per share and revenue of $3.63 billion, indicating changes of +313.64% and +17.32%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.74% increase. Gray Media currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Gray Media is presently trading at a Forward P/E ratio of 1.97. This represents a discount compared to its industry average Forward P/E of 9.41.
It is also worth noting that GTN currently has a PEG ratio of 0.09. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Broadcast Radio and Television industry had an average PEG ratio of 0.83.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 37, finds itself in the top 16% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Gray Media Inc. (GTN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).