Sinclair Inc reports results for the quarter ended December 31 - Earnings Summary

• Sinclair Inc SBGI.OQ reported quarterly adjusted earnings of $2.61​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-5.35. The mean expectation of five analysts for the quarter was for earnings of $1.94 per share. Wall Street expected results to range from $1.83 to $2.05 per share.

• Revenue rose 21.5% to $1.00 billion from a year ago; analysts expected $1.01 billion.

• Sinclair Inc's reported EPS for the quarter was $2.61​.

• The company reported quarterly net income of $176 million.

• Sinclair Inc shares had fallen by 9.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the broadcasting peer group is also "hold"

Wall Street's median 12-month price target for Sinclair Inc is $17.50

This summary was machine generated from LSEG data February 26 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)