SBGI Earnings Prediction
The chart below shows how SBGI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SBGI sees a +6.28% change in stock price 10 days leading up to the earnings, and a +2.48% change 10 days following the report. On the earnings day itself, the stock moves by -1.85%. This data can give you a slight idea of what to expect for the next quarter's release.
SBGI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
917.00M
19.56%
10.62%
Gross Margin
46.02%
24.72%
18.12%
Operating Margin
18.10%
195.27%
127.39%
Net Margin
10.47%
278.36%
357.21%
EPS
1.41
293.15%
442.31%
No Data Available
SBGI Earnings Analysis
Sinclair, Inc. Class A Common Stock Corporation (SBGI.O) Earnings Conference Call
Positive
Distribution Revenue Performance: Total distribution revenue was in line with our guidance range, thanks to solid outcomes on all distribution renewals.
Core Advertising Revenue Growth: Core advertising revenues grew 1% in the third quarter, which is the first for Sinclair to have grown core at a time when political advertising was at an all-time high.
Portfolio Distributions and Contributions: Our Ventures portfolio received $5 million in total distributions during the quarter and made approximately $7 million in contributions.
Cash Position Increase: At quarter end, Ventures held $334 million in cash, up $8 million from cash levels at the end of the second quarter.
Media Revenue Increase: Consolidated media revenues of $908 million were up 20% in the quarter versus last year on the higher political revenue as well as distribution revenues on the recent renewals.
Negative
Distribution Revenue Performance: Total distribution revenue was in line with our guidance range, thanks to solid outcomes on all distribution renewals.
Core Advertising Revenue Growth: Core advertising revenues grew 1% in the third quarter, which is the first for Sinclair to have grown core at a time when political advertising was at an all-time high.
Strong Advertising Growth: Our sales teams delivered strong growth in both core and political advertising, which followed through to our adjusted EBITDA, which came in near the high end of our guidance range for the quarter.
Record Political Advertising Revenues: Political advertising revenues set record highs for the company during the third quarter, fourth quarter as of election day and full-year.
Q3 Adjusted EBITDA Results: Adjusted EBITDA for third quarter was $249 million which was within our guidance range.
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SBGI Earning Call Sentiment
Sinclair, Inc. (SBGI) Q3 2024 Earnings Call Transcript
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SBGI.O
-0.27%Positive
The earnings call summary presents a mixed picture. Positive factors include increased political revenue guidance, strong adjusted EBITDA growth, and high political advertising revenues. However, risks such as political ad cancellations, regulatory challenges, and subscriber churn offset these positives. The Q&A section reveals management's uncertainty in addressing distribution renewals and subscriber decline, adding to the cautious outlook. Overall, the sentiment is neutral due to the balance of positive financial metrics and underlying risks.
