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-0.000845563809868855 0.000120794829981339 0.00015099353747663 0.00181192244971922 0.0022951017696444 0.00199311469469114 0.00585854925409192 0.00416742163435404
Stock impact report

TEGNA Shares Fall 9% YTD: How Should Investors Play the Stock? [Yahoo! Finance]

Nexstar Media Group, Inc. (NXST) 
Last nexstar media group, inc. earnings: 2/26 07:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
TEGNA TGNA shares have declined 9% year to date (YTD), underperforming the broader Zacks Consumer Discretionary Sector's appreciation of 2.4%. It has also lagged the Zacks Broadcast Radio and Television industry and peers like Netflix NFLX, Fox FOXA and Nexstar Media Group NXST. Over the same time frame, shares of Netflix, Fox and Nexstar Media have gained 41%, 31.1% and 2.4%, respectively, while the industry has appreciated 49.1%. TGNA shares underperformance can be attributed to lower top-line growth due to reduced subscription revenues as well as a temporary disruption of service with a distribution partner. Sluggish Advertising and Marketing Services (AMS) revenues also impacted top-line growth. The decline in subscription and AMS revenues also negatively impacted operating income growth. However, political revenues saw growth in the first-half of 2024. TEGNA expects strong political ad spending and the Summer Olympics to boost its top-line growth (9-12% range) for the thir Show less Read more
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