TEGNA Inc. remains a buy despite recent underperformance, supported by solid cash flow, cost cuts, and potential M&A upside as regulatory changes loom. Political and advertising revenue headwinds are cyclical, so I value TEGNA on multi-year free cash flow, not single-year results. Cost discipline, sports content deals, and a strong balance sheet position TEGNA to weather industry pressures and return capital to shareholders.
TEGNA Inc. (NYSE:TGNA ) Q1 2025 Conference Call May 8, 2025 11:00 AM ET Company Participants Kirk von Seelen - Investor Relations Michael Steib - Chief Executive Officer Julie Heskett - Chief Financial Officer Conference Call Participants Steven Cahall - Wells Fargo Daniel Kurnos - The Benchmark Company Craig Huber - Huber Research Patrick Sholl - Barrington Research Avi Steiner - JPMorgan Securities LLC Operator Good day, and thank you for standing by. Welcome to the Q1 2025 TEGNA Inc. Earnings Conference Call.
While the top- and bottom-line numbers for TEGNA (TGNA) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
TEGNA Inc. (TGNA) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.45 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for TEGNA (TGNA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Here is how Colruyt SA Unsponsored ADR (CUYTY) and TEGNA Inc. (TGNA) have performed compared to their sector so far this year.
TEGNA (TGNA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
TEGNA gets rating hold, more cautious than the bullish consensus today. It can be impacted by political ad spending drop in 2025, recession risk, and forecasts of future declines in TV ad spending. Besides a nationwide portfolio of TV stations, the firm also has several digital properties, and is pushing to grow digital revenue.
TGNA's fourth-quarter 2024 results benefit from a strong election cycle, contributing to its political advertising revenues.
TEGNA Inc (NYSE:TGNA ) Q4 2024 Results Conference Call February 27, 2025 9:00 AM ET Company Participants Kirk von Seelen - Investor Relations Mike Steib - Chief Executive Officer Julie Heskett - Chief Financial Officer Conference Call Participants Stephen Cahall - Wells Fargo Craig Huber - Huber Research Patrick Sholl - Barrington Research Marlane Pereiro - Bank of America Dan Kurnos - The Benchmark Company Operator Good day, and thank you for standing by. Welcome to the Q4 2024 TEGNA Inc. Earnings Conference Call.
Although the revenue and EPS for TEGNA (TGNA) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
TEGNA shares have surged 33% since September, driven by strong Q3 results and M&A optimism, nearing my $19-20 fair value target. Despite cord-cutting pressures, TEGNA's local news and sports rights provide resilience, with subscription revenue declines offset by higher per-customer revenue. Cost controls and strategic sports deals are maintaining margins and free cash flow, with $350 million returned to shareholders this year.