Sinclair Inc reports results for the quarter ended June 30 - Earnings Summary

• Sinclair Inc SBGI reported a quarterly adjusted loss of 91 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of five analysts for the quarter was for a loss of 89 cents per share. Wall Street expected results to range from $-1.19 to -59 cents per share.

• Revenue fell 5.4% to $784.00 million from a year ago; analysts expected $794.36 million.

• Sinclair Inc's reported EPS for the quarter was a loss of 91 cents​.

• The company reported a quarterly loss of $64 million.

• Sinclair Inc shares had risen by 2.6% this quarter and lost 12.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 66.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 "buy."

• Wall Street's median 12-month price target for Sinclair Inc is $17.00, about 16.6% above its last closing price of $14.18

This summary was machine generated from LSEG data August 6 at 09:00 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)