Yahoo Finance TEGNA Full Year 2023 Earnings: EPS Misses Expectations
TEGNA (NYSE:TGNA) Full Year 2023 Results
Key Financial Results
Revenue: US$2.91b (down 11% from FY 2022).
Net income: US$476.7m (down 24% from FY 2022).
Profit margin: 16% (down from 19% in FY 2022).
EPS: US$2.30 (down from US$2.82 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TEGNA EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Media industry in the US.
Performance of the American Media industry.
The company's shares are down 1.3% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with TEGNA (at least 1 which is a bit concerning), and understanding them should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
