TGNA Earnings Prediction
The chart below shows how TGNA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TGNA sees a +3.19% change in stock price 10 days leading up to the earnings, and a -0.20% change 10 days following the report. On the earnings day itself, the stock moves by -2.10%. This data can give you a slight idea of what to expect for the next quarter's release.
TGNA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
806.83M
13.12%
13.58%
Gross Margin
42.14%
21.90%
19.99%
Operating Margin
28.49%
31.53%
42.66%
Net Margin
18.24%
35.11%
57.92%
EPS
0.89
85.42%
85.42%
No Data Available
TGNA Earnings Analysis
TEGNA Inc. Corporation (TGNA.N) Earnings Conference Call
Positive
Q3 Revenue Increase: Total company revenue for third quarter increased 13% year-over-year to $807 million, exceeding our guidance of 9% to 12% growth.
Paris Games Viewership Growth: TEGNA experienced a 35% growth in total hours watched for the Paris games compared to the last summer games in Tokyo, highlighting strong local advertising performance.
Political Revenue Surge: Record political revenue in the third quarter reached approximately $375 million, nearly matching 2020 levels despite fewer competitive races.
Expense Management Improvement: TEGNA achieved a 2% reduction in year-over-year expenses for the third quarter, continuing a trend of improving expense management throughout the year.
Shareholder Returns Overview: In the third quarter, TEGNA returned approximately $91 million to shareholders, comprised of $21 million in dividends and $70 million in share repurchases.
Negative
Subscription Revenue Decline: 1. Declining Subscription Revenue: TEGNA's subscription revenue decreased by 6% year-over-year to $356 million, indicating a significant drop in traditional MVPD subscribers.
Advertising Revenue Challenges: 2. Softness in Key Advertising Categories: Despite a 35% growth in total hours watched for the Paris games, categories such as automotive, retail, and home improvement continued to show weakness, impacting overall advertising revenue.
Political Advertising Challenges: 3. Political Advertising Displacement: The company faced challenges in Q4 due to political displacement, which is expected to hinder advertising revenue, particularly in October and November.
Expense Reduction Strategy: 4. Cost Management Focus: While TEGNA achieved a 2% reduction in expenses year-over-year, the ongoing scrutiny of expenses indicates a need for further cost management in legacy operations, suggesting underlying financial pressures.
Future Guidance Uncertainty: 5. Uncertain Future Guidance: TEGNA has not provided specific guidance for 2025, reflecting uncertainty in revenue growth and expense management as they navigate a challenging advertising landscape.
TGNA FAQs
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TGNA Earning Call Sentiment
TEGNA Inc. (TGNA) Q3 2024 Earnings Call Transcript
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TGNA.N
0.6%Positive
TEGNA's earnings call highlights strong financial performance with a 13% YoY revenue increase, driven by political advertising. Despite competitive pressures and regulatory challenges, cost reduction initiatives and strategic investments in sports broadcasting and digital acquisitions are promising. Shareholder returns are robust, with $286 million returned YTD. Management's optimism in unlocking synergies and focusing on execution, along with reaffirmed revenue guidance, suggests a positive outlook. The Q&A reveals cautious optimism, particularly for Premion's growth. Given the market cap, a positive stock price movement of 2% to 8% is expected over the next two weeks.
