Sinclair Broadcast Group Q4 Adjusted. EPS $(0.81) Misses $0.43 Estimate, Sales $826.00M Miss $838.75M Estimate
Portfolio Pulse from Happy Mohamed
Sinclair Broadcast Group (NASDAQ:SBGI) reported Q4 adjusted EPS of $(0.81), missing the $0.43 estimate, and sales of $826.00M, missing the $838.75M estimate. This represents a 190% decrease in earnings and a 13.96% decrease in sales from the same period last year.
February 28, 2024 | 9:24 pm
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Sinclair Broadcast Group reported significant misses in both earnings and sales for Q4, with a 190% decrease in earnings and a 13.96% decrease in sales year-over-year.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with the significant year-over-year decline in these metrics, is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100