Gray Media Q3 Earnings Review: Analyst Estimates Unchanged Amid Revenue Growth Expectations

Gray Media's Q3 revenue of $749m arrived in line with expectations, while statutory losses per share were $0.24, a 50% smaller than expected. Analysts now forecast revenues of $3.51b in 2026, a 5.0% improvement, and statutory earnings per share to surge 418% to $2.25. The consensus price target remains at $6.30, but analysts have a wide range of estimates, with the most optimistic targeting $10.00 and the most pessimistic $3.00.