On Wednesday, August 04, Sinclair Broadcast Group SBGI will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts are predicting Sinclair Broadcast Group will report a loss of $-4.47 per share on revenue of $1.59 billion. Sinclair Broadcast Group EPS in the same period a year ago totaled $3.21. Revenue was $1.28 billion.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
If the company were to match the consensus estimate when it reports Wednesday, EPS would have fallen 239.25%. Sales would be up 23.93% from the same quarter last year. Here is how the Sinclair Broadcast Group's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | -1.98 | 5.01 | -3.17 | 4.77 |
| EPS Actual | 0.18 | 6.45 | 2.13 | 3.21 |
| Revenue Estimate | 1.48 B | 1.51 B | 1.51 B | 1.41 B |
| Revenue Actual | 1.51 B | 1.51 B | 1.54 B | 1.28 B |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Sinclair Broadcast Group were trading at $28.3 as of August 02. Over the last 52-week period, shares are up 42.39%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Sinclair Broadcast Group is scheduled to hold the call at 09:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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