It’s officially still known as Gray Television on Wall Street, but otherwise it is referring to itself as Gray Media. The owner of broadcast TV stations and the Assembly Atlanta production facility has announced when it will reveal its Q3 2024 results, and host a conference call for analysts and investors to review the numbers.
CEO and Chairman of the Board Hilton Howell Jr. and President/co-CEO Pat LaPlatney will be among those on the company’s Q3 2024 earnings call on Friday, November 8, at 11am Eastern.
What can Gray shareholders expect to hear from the company’s executive leadership team? Five analysts chimed in with their earnings per share estimates, and Gray is forecast to report EPS between $0.84 and $0.98, putting the consensus estimate at 92 cents per share.
Six analysts offered their take on where Gray’s revenue will finish for Q3, and the consensus estimate is $968.87 million.
As Gray shared during its second quarter earnings call in early August, Q3 2024 is shaping up to be a big one, with political advertising forecast to come in between $180 million and $200 million. At the same time, core advertising is anticipated to rise to between $365 million and $375 million in Q3, from $363 million. Then there is retransmission consent income. That will likely dip to between $365 million and $370 million, from $378 million in the second quarter of 2023.
