Published on 1 May 2024 on Zacks via Yahoo Finance
Analysts Estimate TEGNA Inc. (TGNA) to Report a Decline in Earnings: What to Look Out for
The market expects TEGNA Inc. (TGNA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 8, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.