Sinclair Inc Ordinary Shares - Class A
SBGI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$88.00 | Yxjp | Hydl |
Sinclair Reports Weak End to 2021; Pricing for Direct to Consumer RSNs Could Hinder Adoption
Sinclair posted a weak end to a challenging 2021 as fourth-quarter revenue and operating income missed versus FactSet consensus. Total revenue fell 2% year over year to $1.5 billion, as core advertising rebounded from the pandemic impact, but political ad spending disintegrated as expected. Revenue for the quarter would have increased if the company had not suffered from a cyberattack in October. We are maintaining our $30 fair value estimate.