Recap: Sinclair Broadcast Group Q3 Earnings

Sinclair Broadcast Group SBGI reported its Q3 earnings results on Wednesday, November 2, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Sinclair Broadcast Group beat estimated earnings by 125.0%, reporting an EPS of $0.36 versus an estimate of $0.16.

Revenue was down $692.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.26 which was followed by a 0.3% drop in the share price the next day.

Here's a look at Sinclair Broadcast Group's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate -0.29 -1.07 0.05 -0.86
EPS Actual -0.03 0.37 -0.99 0.52
Revenue Estimate 840.06M 1.53B 1.56B 1.58B
Revenue Actual 837.00M 1.29B 1.48B 1.53B

To track all earnings releases for Sinclair Broadcast Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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