Sinclair Broadcast Group Q2 2024 GAAP EPS $0.27 Beats $(0.13) Estimate, Sales $829.000M Miss $836.507M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sinclair Broadcast Group (NASDAQ: SBGI) reported Q2 2024 GAAP EPS of $0.27, significantly beating the analyst estimate of $(0.13). However, sales of $829 million missed the $836.507 million estimate but increased by 7.94% year-over-year.
August 07, 2024 | 9:58 pm
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Sinclair Broadcast Group reported Q2 2024 GAAP EPS of $0.27, beating the analyst estimate of $(0.13) by 307.69%. However, sales of $829 million missed the $836.507 million estimate but increased by 7.94% year-over-year.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The year-over-year sales increase also adds a positive sentiment.
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IMPORTANCE 80
RELEVANCE 100