Alert: New Earnings Report (11/7/23)-TEGNA Inc (NYSE: TGNA).


TEGNA Inc (NYSE: TGNA) has reported earnings for its third fiscal quarter (ending September 30) of $0.48 versus $0.65 for the same period a year ago — a decline of -26%. However, this result exceeded the consensus estimate of $0.39 by $0.09. For the latest four quarters through September 30, E.P.S. were $2.83 versus $2.42 for the same period a year ago — an increase of 17%.


Recent Price Action

TEGNA Inc (NYSE: TGNA) stock rose slightly by 0.3% on 11/7/23. The stock closed at $15.45. The stock has been weak relative to the market over the last nine months but has risen 7.5% during the last week.

Current PriceTarget Research Rating

TGNA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

TEGNA has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TEGNA has a very high Appreciation Score of 86 but a neutral Power Rating of 42, with the Positive Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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