Media broadcasting company Sinclair (NASDAQ: SBGI) will be reporting earnings this Wednesday after market close. Here’s what investors should know.
Sinclair beat analysts’ revenue expectations last quarter, reporting revenues of $773 million, down 15.7% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and full-year revenue guidance exceeding analysts’ expectations.
Is Sinclair a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Sinclair’s revenue to decline 16.4% year on year, a reversal from the 21.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sinclair has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Sinclair’s peers in the media & entertainment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. QuinStreet delivered year-on-year revenue growth of 1.9%, beating analysts’ expectations by 4.2%, and Stride reported revenues up 7.5%, topping estimates by 0.5%. QuinStreet traded up 10.7% following the results while Stride was also up 14.2%.
Read our full analysis of QuinStreet’s results here and Stride’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the media & entertainment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.9% on average over the last month. Sinclair is down 7.3% during the same time and is heading into earnings with an average analyst price target of $17.29 (compared to the current share price of $14.13).
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