The television station ownership group with properties including flagship WUSA9 in Washington, D.C., and NBC affiliates in Portland, Ore.; Buffalo; and Phoenix has revealed when it will release and discuss its second quarter 2024 earnings results.
TEGNA Inc. will share all for investors, analysts and debtholders on August 7, with a 10am Eastern conference call that Wednesday hosted by CEO Dave Lougee.
The three-month period ending June 30 is expected to be a positive one for the company that did not merge with Standard General and has been performing well as a standalone operation under its current management team.
According to four analysts who cover TEGNA, the company’s earnings per share is forecast to grow from the $0.44 seen in Q2 2023, with a consensus estimate coming in at $0.48.
Concurrently, five analysts peg TEGNA’s Q2 earnings to come in between $709.9 million and $722 million. That’s down by 2.2% from $731.51 million, indicating that political dollars aren’t yet hitting their stride while expenses are being trimmed.
TEGNA during its Q1 2024 earnings call offered select second quarter guidance, with revenue forecast to drop in the low-to-mid single digit percentage range; operating expenses are expected to be flat.
