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

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The E.W. Scripps Company (NYSE:SSP) will unveil its latest earnings on Tuesday, November 8, 2011. 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 net loss of 13 cents per share, a swing from net income of 12 cents in the year earlier quarter. During the past three months, the average estimate has moved down from a loss of 11 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 13 cents during the last month. For the year, analysts are projecting a loss of 18 cents per share, a swing from profit of 65 cents last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting net loss of 4 cents per share against an estimate of net income of 3 cents per share. The quarter before that, it missed forecasts by 8 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: Analysts are projecting a decline of 8.4% in revenue from the year-earlier quarter to $168.2 million.

A Look Back: In the second quarter, the company swung to a loss of $2.2 million (4 cents a share) from a profit of $99.5 million ($1.55) a year earlier, missing analyst expectations. Revenue fell 3% to $183 million from $188.8 million.

Key Stats:

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 9.4%.

Competitors to Watch: Gannett Co., Inc. (NYSE:GCI), News Corporation (NASDAQ:NWSA), Lee Enterprises, Inc. (NYSE:LEE), Journal Communications, Inc. (NYSE:JRN), The New York Times Company (NYSE:NYT), The McClatchy Company (NYSE:MNI), Media General, Inc. (NYSE:MEG), The Walt Disney Company (NYSE:DIS) and A. H. Belo Corporation (NYSE:AHC).

Stock Price Performance: During October 5, 2011 to November 2, 2011, the stock price had risen $1.71 (26.2%) from $6.53 to $8.24. It saw one of its worst periods between April 26, 2011 and May 4, 2011 when shares fell for seven-straight days, falling 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, rising 11.5% (+93 cents) over that span. Shares are down $1.91 (-18.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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