Sinclair Inc Ordinary Shares - Class A
SBGI: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $63.00 | Qqmq | Mcmr |
Sinclair Reports Weak End to 2021; Pricing for Direct to Consumer RSNs Could Hinder Adoption
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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.