Its stock price is up 14.4% year-to-date and has risen by $3.60 per share since June 18. This puts Sinclair, Inc. — owner of broadcast TV stations and such companies as Compulse and Dielectric — in a potentially positive position ahead of its Q2 2024 earnings release.
We now know when that will take place.
The parent of Sinclair Broadcast Group, headed by Chris Ripley (pictured, top left), will report its second quarter 2024 earnings results at 4pm Eastern on Wednesday, August 7.
This gives analysts and investors 30 minutes to quickly digest the report, as Ripley, CFO Lucy Rutishauser and other company executives will participate in a conference call to discuss the results at 4:30pm Eastern.
What can analysts and shareholders expect from Sinclair? An improvement from one year ago, despite negative earnings per share.
As 5 analysts polled by Yahoo! Finance see it, Sinclair will see EPS of between -$0.32 and -$0.01; this compares to EPS of -$1.38 one year ago.
Seven analysts chimed in with revenue predictions, and this puts the consensus estimate at $836.51 million.
Meanwhile, during the company’s first quarter 2024 earnings call, it was shared that Retail, Services and Entertainment are “pacing strong” as Medical and Pharmaceutical slightly are softer versus April 2023. As such, core advertising is forecast to rise between 2% and 6% in Q2 2024.
