Gray Television Inc stock (US3893751061): shares ease while market eyes next earnings date

Gray Television Inc shares on the NYSE traded slightly lower in the latest session as investors in the United States position ahead of the broadcaster’s next earnings date estimated for mid-August 2026, following a weak first quarter update in early May.

Gray Television Inc shares on the New York Stock Exchange recently changed hands at about USD 4.01, modestly below the prior close of USD 4.17 on 05/29/2026, as investors in the United States reassess the broadcaster’s outlook after its first-quarter 2026 earnings release on 05/07/2026 and look ahead to the next results date estimated for 08/14/2026, according to MarketBeat as of 05/29/2026.

On the same NYSE session, Gray Television Inc’s stock price move of around -3.7% left the company trading well below the average 12-month analyst price target of USD 7.88 that is based on six Wall Street research reports, while the group’s Q1 2026 numbers released on 05/07/2026 showed negative earnings per share and mid-single-digit revenue growth, according to the company’s filings and MarketBeat as of 05/29/2026.

As of: 02.06.2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Gray Television Inc
• Sector/industry: Broadcast television and media
• Headquarters/country: Atlanta, United States
• Core markets: Regional television stations and related media assets across multiple U.S. markets
• Key revenue drivers: Local and national advertising, political advertising in election cycles, and retransmission consent fees from pay-TV distributors
• Home exchange/listing venue: New York Stock Exchange (GTN)
• Trading currency: USD

Gray Television Inc: core business model

Gray Television Inc operates a portfolio of local television stations and related digital media properties across the United States, generating most of its revenue from advertising sales and retransmission fees tied to audience reach and political advertising intensity in its markets.

Latest quarterly results for Gray Television Inc at a glance

For the first quarter of 2026, Gray Television Inc reported earnings per share of USD -0.34 on 05/07/2026, compared with a Wall Street consensus estimate of USD -0.32, alongside revenue of about USD 768 million, according to the company’s quarterly release and MarketBeat as of 05/29/2026.

The Q1 2026 results, which followed a strong political advertising year in 2024 and a softer comparative environment in 2025, underlined the broadcaster’s dependence on the U.S. election cycle and the broader television advertising market, while the next earnings release is estimated for 08/14/2026 before the market opens, based on historical reporting patterns cited by MarketBeat as of 05/29/2026.

Conclusion

The latest trading in Gray Television Inc on the NYSE reflects ongoing investor caution after the broadcaster reported a Q1 2026 loss and slightly missed consensus earnings expectations. With the next earnings date estimated for mid-August 2026 and shares trading at a discount to the average analyst target, the coming quarters will likely be shaped by trends in U.S. television advertising and the build-up to the next political advertising cycle in its core markets.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.