What is the guidance for Q3 revenue and earnings, and how does it stack up against consensus forecasts?

Answer

The press release you referenced tells us that TEGNA Inc. (ticker TGNA) reported its Q2 2025 results and also gave guidance for the upcoming third quarter (Q3 2025). However, the brief you provided does not include the actual guidance figures—i.e., the expected Q3 2025 revenue amount, the projected earnings per share (EPS) or net income, nor the consensus analyst forecasts that the company is being compared to.

Because those specific numbers are missing, I can’t give you a precise side‑by‑side comparison of TEGNA’s guidance versus the Wall Street consensus. Below is a structured outline of the information you would need to answer the question fully, along with guidance on where to locate it and how the comparison is typically presented:

How to Find the Missing Numbers

1. Full Press Release – The original TEGNA Q2 2025 results press release (often posted on the company’s investor‑relations website) will list the Q3 guidance in a “Financial Outlook” or “Guidance” section.
2. SEC Filings – A Form 8‑K or a supplemental earnings release filed with the SEC will contain the same guidance details.
3. Financial News Platforms – Services such as Bloomberg, Reuters, FactSet, or S&P Global often publish the guidance alongside analyst consensus tables. A quick search for “TEGNA Q3 2025 guidance” on those platforms should surface the numbers.
4. Analyst Research Reports – Brokerage houses (e.g., Morgan Stanley, BofA Merrill Lynch) release consensus estimates in their “Earnings Outlook” reports, which can be cross‑checked with the company’s guidance.

Typical Presentation (Illustrative Example)

“TEGNA Inc. provided Q3 2025 revenue guidance of *$1.12 billion, versus a consensus forecast of $1.08 billion (a +3.7% upside). The company also forecasted Q3 2025 EPS of **$0.31, compared with the Street’s consensus of $0.28 (approximately +11% above expectations).”*

If the actual press release contains numbers similar to the illustration above, the interpretation would be:

• Revenue: Guidance is above consensus → suggests TEGNA expects stronger ad‑sales or distribution revenue growth versus analyst expectations.
• Earnings: Guidance is above consensus → indicates higher profitability, perhaps due to cost‑control measures, higher margins, or favorable network‑distribution economics.

What This Means for Investors

• Positive Surprise Potential: When a company’s guidance exceeds consensus, the market often reacts positively, as investors anticipate better‑than‑expected performance.
• Risk Assessment: If the guidance is only modestly above consensus, the upside may be limited; however, any deviation (up or down) can increase volatility as analysts adjust their models.
• Strategic Implications: For a media‑distribution firm like TEGNA, higher revenue guidance may reflect successful rollout of new advertising products, network‑affiliation deals, or digital‑media monetization initiatives. Higher EPS guidance could signal operational efficiencies, favorable retransmission fee structures, or margin‑improving initiatives.

Bottom Line

Based on the information you supplied, the specific Q3 2025 revenue and earnings guidance figures—and the consensus forecasts they are being measured against—are not available. To answer the question definitively, you’ll need to retrieve the full press release or the accompanying SEC filing where TEGNA spells out its Q3 outlook. Once you have those numbers, you can directly compare them to the consensus estimates (available from Bloomberg, FactSet, Refinitiv, etc.) and assess whether TEGNA’s guidance is above, in line with, or below market expectations. If you can share the exact guidance numbers, I’ll gladly provide a detailed comparative analysis.