Gray Television (GTN) Beats Stock Market Upswing: What Investors Need to Know

Gray Television (GTN) closed the latest trading day at $3.31, indicating a +1.22% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.12% for the day. Meanwhile, the Dow gained 0.52%, and the Nasdaq, a tech-heavy index, lost 0.23%.Shares of the broadcast television company have depreciated by 6.84% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 5.39% and the S&P 500's loss of 3.45%.Market participants will be closely following the financial results of Gray Television in its upcoming release. On that day, Gray Television is projected to report earnings of $1.32 per share, which would represent year-over-year growth of 650%. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 20.72% from the year-ago period.Investors should also note any recent changes to analyst estimates for Gray Television. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Gray Television is currently a Zacks Rank #3 (Hold).The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow GTN in the coming trading sessions, be sure to utilize Zacks.com.Free: 5 Stocks to Buy As Infrastructure Spending SoarsTrillions of dollars in Federal funds have been earmarked to repair and upgrade America’s infrastructure. In addition to roads and bridges, this flood of cash will pour into AI data centers, renewable energy sources and more.In, you’ll discover 5 surprising stocks positioned to profit the most from the spending spree that’s just getting started in this space.Download How to Profit from the Trillion-Dollar Infrastructure Boom absolutely free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gray Television, Inc. (GTN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks