The E.W. Scripps Company Fourth Quarter Earnings Sneak Peek

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The E.W. Scripps Company (NYSE:SSP) will unveil its latest earnings on Friday, February 24, 2012. E. W. Scripps is a media company with interests in national television networks, newspaper publishing, broadcast television, interactive media and licensing and syndication.

The E.W. Scripps Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 17 cents per share, a decline of 57.5% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net loss of 3 cents per share, a swing from net income of 65 cents last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported a loss of 9 cents per share versus a mean estimate of net loss of 13 cents per share. In the second quarter, the company missed estimates by 7 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 12.1% in revenue from the year-earlier quarter to $193.6 million.

Analyst Ratings: The limited number of analysts covering the stock seem bullish with three analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the third quarter, the company swung to a loss of $10.7 million (19 cents a share) from a profit of $6.2 million (10 cents) a year earlier, but beat analyst expectations. Revenue fell 8.6% to $167.9 million from $183.6 million.

Key Stats:

For three quarters in a row, revenue has declined. Revenue fell 3% in second quarter from the year earlier and 9.4% in the first quarter.

Stock Price Performance: Between December 20, 2011 and February 17, 2012, the stock price had risen $1.18 (14.8%), from $7.99 to $9.17. It saw one of its worst periods between April 26, 2011 and May 4, 2011 when shares fell for seven straight days, dropping 4.6% (-44 cents) over that span. The stock price saw one of its best stretches over the last year between June 13, 2011 and June 21, 2011, when shares rose for seven straight days, increasing 11.5% (+93 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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