In mid-September 2024, RBR+TVBR shared that Lynn Beall, who serves as TEGNA’s EVP/COO of Media Operations, is agreeing to depart “after a significant transition period” in the middle of this year.
Could the company’s Q4 and full-year 2024 earnings call for analysts and investors be Beall’s curtain call before exiting the NYSE-traded broadcast TV operation?
All will find out on February 27, when Beall is expected to join CEO Mike Steib and SVP/Chief Financial Officer Julie Heskett for a 9am Eastern telephonic gathering for the financial community.
The call is one hour prior to the previously scheduled Q4 and full-year 2024 earnings discussion hosted by industry peer Nexstar Media Group.
What are analysts expecting to hear from Steib and Heskett?
Six individual financial market pros shared their revenue estimates with Yahoo! Finance. This put the consensus estimate for Q4 2024 at $870.79 million, up 20% year-over-year.
Five analysts offered their prognostications on earnings per share, and the consensus EPS for TEGNA in Q4 ’24 is $1.19.
As of the end of Q3 2024, TEGNA had two major institutional investors: BlackRock, with 17.13% interest; and The Vanguard Group, with 16.17% interest.
