Tegna's Earnings: A Preview

Tegna (NYSE:TGNA) will release its quarterly earnings report on Thursday, 2024-11-07. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Tegna to report an earnings per share (EPS) of $0.86.

Anticipation surrounds Tegna's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

In the previous earnings release, the company beat EPS by $0.02, leading to a 3.64% drop in the share price the following trading session.

Here's a look at Tegna's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.48

0.43

0.47

0.40

EPS Actual

0.50

0.45

0.43

0.39

Price Change %

-4.0%

2.0%

-3.0%

-3.0%

Performance of Tegna Shares

Shares of Tegna were trading at $16.06 as of November 05. Over the last 52-week period, shares are up 12.26%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Tegna

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Tegna.

The consensus rating for Tegna ...