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Gray Television is Among the Companies in the Broadcasting Industry With the Highest Future Earnings Growth (GTN, NXST, SBGI, CBS, DISCA)

By Nick Russo

Below are the three companies in the Broadcasting industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Gray Television ranks highest with a future earnings growth of 179.2%. Following is Nexstar Broadcasting Group with a future earnings growth of 77.6%. Sinclair Broadcast Group ranks third highest with a future earnings growth of 75.0%.

CBS follows with a future earnings growth of 19.5%, and Discovery Communications rounds out the top five with a future earnings growth of 16.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of CBS on July 21st, 2016 by issuing a Downtrend alert when the shares were trading at $54.39. Since that call, shares of CBS have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest future earnings growth gray television nexstar broadcasting group sinclair broadcast group Discovery Communications