Sinclair Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St

November 11, 2024

Sinclair (NASDAQ:SBGI) Third Quarter 2024 Results

Key Financial Results

Revenue: US$917.0m (up 20% from 3Q 2023).
Net income: US$94.0m (up from US$46.0m loss in 3Q 2023).
Profit margin: 10% (up from net loss in 3Q 2023).
EPS: US$1.42 (up from US$0.73 loss in 3Q 2023).

earnings-and-revenue-growth — NasdaqGS:SBGI Earnings and Revenue Growth November 11th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sinclair EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 41%.

Looking ahead, revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.7%.

Performance of the American Media industry.

The company's shares are down 8.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Sinclair (2 are concerning) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.