Insights Into TEGNA (TGNA) Q3: Wall Street Projections for Key Metrics

The upcoming report from TEGNA Inc. (TGNA) is expected to reveal quarterly earnings of $0.83 per share, indicating an increase of 112.8% compared to the year-ago period. Analysts forecast revenues of $792.44 million, representing an increase of 11.1% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.Given this perspective, it's time to examine the average forecasts of specific TEGNA metrics that are routinely monitored and predicted by Wall Street analysts.The consensus among analysts is that 'Revenue- Political' will reach $108.25 million. The estimate indicates a year-over-year change of +829.7%.Analysts expect 'Revenue- Subscription' to come in at $353.60 million. The estimate indicates a year-over-year change of -6.4%.The consensus estimate for 'Revenue- Advertising & Marketing Services' stands at $318.79 million. The estimate indicates a year-over-year change of +2%.Analysts predict that the 'Revenue- Other' will reach $11.80 million. The estimate indicates a change of +4.5% from the prior-year quarter.View all Key Company Metrics for TEGNA here>>>Shares of TEGNA have demonstrated returns of +5.3% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #3 (Hold), TGNA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 TEGNA Inc. (TGNA): 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