Gray Television Reports $768M Revenue, Misses EPS and EBITDA Estimates
Gray Television reported revenues of $768 million, down 1.8% year on year and meeting analyst revenue expectations, but posted a significant miss versus analysts’ EPS and EBITDA estimates. The company has missed revenue estimates multiple times over the past two years. Shares were up 11.5% and it heads into earnings with an average price target of $6.50 versus a $4.35 share price.