On July 29, respected financial house Zacks Equity Research offered its prediction on how Sinclair Broadcast Group‘s second quarter results would pan out.
The Zacks consensus estimate had Sinclair posting Q2 2020 earnings of $4.83 per share — a year-over-year 590% surge, thanks to new revenue sources including its regional sports networks (RSNs) acquired from FOX.
It anticipated Q2 revenue $1.42 billion, up 83.8% from the year-ago quarter.
How accurate was Zacks?
Unfortunately, Sinclair came up a bit short.