Gray Television Future Growth

Future criteria checks 0/6

Gray Television's revenue and earnings are forecast to decline at 1% and 28.2% per annum respectively while EPS is expected to decline by 27.7% per annum.

Key information

-28.2%

Earnings growth rate

-27.7%

EPS growth rate

Media earnings growth	14.0%
Revenue growth rate	-1.0%
Future return on equity	n/a
Analyst coverage	Good
Last updated	13 Dec 2024

Recent future growth updates

Recent updates

Gray Television, Inc. (NYSE:GTN) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough

Dec 04

Improved Revenues Required Before Gray Television, Inc. (NYSE:GTN) Shares Find Their Feet

Oct 17

Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt

Sep 10

Gray Television's (NYSE:GTN) Dividend Will Be $0.08

Aug 20

Gray Television: Bumpy Ride But Thesis Intact

Aug 10

Is Now An Opportune Moment To Examine Gray Television, Inc. (NYSE:GTN)?

Aug 05

Estimating The Intrinsic Value Of Gray Television, Inc. (NYSE:GTN)

Jul 15

Taking A (Speculative) Position In Gray Television

Jul 10

Gray Television, Inc. (NYSE:GTN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Jun 19

Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Jun 01

Gray Television: Tune In To The Main Event

Apr 02

Gray Television (NYSE:GTN) Has No Shortage Of Debt

Jan 24

Gray Television: Undervalued But Faces Significant Debt Overhang And Industry Headwinds

Jan 11

Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08

Dec 13

Gray Television (NYSE:GTN) Has Announced A Dividend Of $0.08

Nov 11

Does This Valuation Of Gray Television, Inc. (NYSE:GTN) Imply Investors Are Overpaying?

Nov 03

Gray Television: Deep Value Or Value Trap?

Nov 01

Is It Too Late To Consider Buying Gray Television, Inc. (NYSE:GTN)?

Sep 27

Gray Television (NYSE:GTN) Is Due To Pay A Dividend Of $0.08

Sep 04

Gray Television Can Unlock A Lot Of Shareholder Value By Simply Paying Down Its Debt

Aug 22

Gray Television (NYSE:GTN) Is Paying Out A Dividend Of $0.08

Aug 21

Gray Television (NYSE:GTN) Is Due To Pay A Dividend Of $0.08

Aug 07

Earnings and Revenue Growth Forecasts

NYSE:GTN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,715	271	508	574	4
12/31/2025	3,235	-70	127	213	6
12/31/2024	3,637	283	352	587	6
9/30/2024	3,463	145	303	466	N/A
6/30/2024	3,316	9	77	275	N/A
3/31/2024	3,303	-9	32	304	N/A
12/31/2023	3,281	-128	300	648	N/A
9/30/2023	3,489	67	372	798	N/A
6/30/2023	3,595	215	468	958	N/A
3/31/2023	3,650	310	601	1,100	N/A
12/31/2022	3,676	403	393	829	N/A
9/30/2022	3,325	246	262	613	N/A
6/30/2022	3,017	121	147	392	N/A
3/31/2022	2,696	61	53	294	N/A
12/31/2021	2,413	38	93	300	N/A
9/30/2021	2,484	233	253	447	N/A
6/30/2021	2,487	372	403	583	N/A
3/31/2021	2,391	344	572	668	N/A
12/31/2020	2,381	358	542	652	N/A
9/30/2020	2,168	228	511	618	N/A
6/30/2020	2,081	165	470	587	N/A
3/31/2020	2,138	198	361	492	N/A
12/31/2019	2,122	127	275	385	N/A
9/30/2019	1,871	134	291	392	N/A
6/30/2019	1,633	150	248	330	N/A
3/31/2019	1,376	160	275	332	N/A
12/31/2018	1,084	211	253	323	N/A
9/30/2018	990	289	211	252	N/A
6/30/2018	930	242	N/A	219	N/A
3/31/2018	905	271	N/A	195	N/A
12/31/2017	883	262	N/A	180	N/A
9/30/2017	887	132	N/A	221	N/A
6/30/2017	872	117	N/A	224	N/A
3/31/2017	842	64	N/A	180	N/A
12/31/2016	812	62	N/A	210	N/A
9/30/2016	744	41	N/A	126	N/A
6/30/2016	691	48	N/A	119	N/A
3/31/2016	638	43	N/A	106	N/A
12/31/2015	597	39	N/A	107	N/A
9/30/2015	606	56	N/A	129	N/A
6/30/2015	586	63	N/A	137	N/A
3/31/2015	550	52	N/A	147	N/A
12/31/2014	508	48	N/A	134	N/A
9/30/2014	426	22	N/A	97	N/A
6/30/2014	382	15	N/A	64	N/A
3/31/2014	359	19	N/A	59	N/A
12/31/2013	346	18	N/A	60	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTN's earnings are forecast to decline over the next 3 years (-28.2% per year).

Earnings vs Market: GTN's earnings are forecast to decline over the next 3 years (-28.2% per year).

High Growth Earnings: GTN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GTN's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: GTN's revenue is forecast to decline over the next 3 years (-1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if GTN's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 01:18
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gray Television, Inc. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Goss	Barrington Research Associates, Inc.
Daniel Kurnos	Benchmark Company
Barry Lucas	G. Research, LLC

Gray Television Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target decreased by 28% to US$5.80

Consensus EPS estimates fall by 24%

Gray Television, Inc. Provides Revenue Guidance for the Quarter and Full Year Ending December 31, 2024

Price target decreased by 9.2% to US$9.83

Gray Television, Inc. Provides Revenue Guidance for the Quarter Ending June 30, 2024

Price target decreased by 15% to US$10.94

Recent updates

Independent Director recently sold US$67k worth of stock

Investor sentiment deteriorates as stock falls 25%

Price target decreased by 28% to US$5.80

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.08 per share

Executive VP recently sold US$678k worth of stock

Gray Television, Inc. (NYSE:GTN) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough

Executive VP notifies of intention to sell stock

Gray Television: Still A Value Trap

Consensus EPS estimates fall by 24%

Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08

New minor risk - Share price stability

Third quarter dividend of US$0.08 announced

Gray Television: Dead Money (Rating Downgrade)

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 26%

Gray Television, Inc. Provides Revenue Guidance for the Quarter and Full Year Ending December 31, 2024

Improved Revenues Required Before Gray Television, Inc. (NYSE:GTN) Shares Find Their Feet

Gray Television, Inc. to Report Q3, 2024 Results on Nov 08, 2024

Gray Media Launches New Streaming Apps

Investor sentiment improves as stock rises 16%

Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt

Upcoming dividend of US$0.08 per share

Gray Television's (NYSE:GTN) Dividend Will Be $0.08

Investor sentiment improves as stock rises 17%

New major risk - Revenue and earnings growth

Price target decreased by 9.2% to US$9.83

Gray Television: Bumpy Ride But Thesis Intact

New major risk - Revenue and earnings growth

Gray Television, Inc. Announces Quarterly Dividend, Payable on September 30, 2024

Is Now An Opportune Moment To Examine Gray Television, Inc. (NYSE:GTN)?

New minor risk - Shareholder dilution

Now 20% undervalued after recent price drop

Gray Television, Inc.' Palmetto Sports & Entertainment to Launch Statewide on Gray Media Stations

Estimating The Intrinsic Value Of Gray Television, Inc. (NYSE:GTN)

Taking A (Speculative) Position In Gray Television

Now 21% undervalued after recent price drop

Gray Television, Inc. to Report Q2, 2024 Results on Aug 08, 2024

Gray Television, Inc. Announces Management Appointment, Effective July 1, 2024

Gray Television, Inc. (NYSE:GTN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.08 per share

Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

First quarter dividend of US$0.08 announced

Gray Television, Inc. Announces Quarterly Cash Dividend, Payable on June 28, 2024

Gray Television, Inc. Provides Revenue Guidance for the Quarter Ending June 30, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

Gray Television, Inc. to Report Q1, 2024 Results on May 07, 2024

Gray Television: Tune In To The Main Event

New minor risk - Shareholder dilution

Gray Television, Inc., Annual General Meeting, May 08, 2024

Upcoming dividend of US$0.08 per share

Fourth quarter dividend of US$0.08 announced

Gray Television, Inc. Announces Quarterly Cash Dividend, Payable on March 28, 2024

Price target decreased by 15% to US$10.94

Full year 2023 earnings: EPS misses analyst expectations

Investor sentiment deteriorates as stock falls 26%

Gray Television, Inc. Announces CFO Changes

Gray Television, Inc. Announces CFO Changes

Investor sentiment deteriorates as stock falls 22%

Gray Television, Inc. Updates Revenue Guidance for the Fourth Quarter of 2024

Gray Television, Inc. to Report Q4, 2023 Results on Feb 23, 2024

Gray Television (NYSE:GTN) Has No Shortage Of Debt

Gray Television: Undervalued But Faces Significant Debt Overhang And Industry Headwinds

Gray Television, Inc. Appoints Bruce Austin to General Manager of WVLT and WBXX in Knoxville, Tennessee, Effective January 2, 2024

Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08

Upcoming dividend of US$0.08 per share at 4.1% yield

Consensus EPS estimates fall by 58%

Gray Television (NYSE:GTN) Has Announced A Dividend Of $0.08