TEGNA Expects Q3 Revenue Growth Of 9%-12% YoY Vs $809.3M Est
Portfolio Pulse from Benzinga Newsdesk
TEGNA expects Q3 revenue growth of 9%-12% YoY, reaffirming its full-year 2024 guidance metrics. Key metrics include adjusted FCF of $900M-$1.1B, net leverage ratio below 3x, and effective tax rate of 22.5%-23.5%. Q3 2024 GAAP revenue is expected to rise 9%-12% YoY.
August 07, 2024 | 12:03 pm
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TEGNA expects Q3 revenue growth of 9%-12% YoY and reaffirms its full-year 2024 guidance metrics, including adjusted FCF of $900M-$1.1B and a net leverage ratio below 3x.
The positive revenue growth forecast and reaffirmation of full-year guidance metrics are likely to boost investor confidence in TEGNA, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100