Scripps Networks Interactive Inc. First Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Scripps Networks Interactive Inc. (NYSE:SNI) will unveil its latest earnings on Thursday, May 3, 2012. Scripps Networks Interactive is a media company operating as a lifestyle content and interactive services provider. The company engages in national television networks, such as Food Network, and Internet-based media outlets like Shopzilla.

Scripps Networks Interactive Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 60 cents per share, a decline of 3.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 70 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 62 cents during the last month. Analysts are projecting profit to rise by 10.8% versus last year to $3.17.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 84 cents per share versus a mean estimate of 81 cents. Two quarters ago, it reported profit of 65 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $519.2 million in revenue this quarter, a decline of 3.1% from the year-ago quarter. Analysts are forecasting total revenue of $2.26 billion for the year, a rise of 9.2% from last year’s revenue of $2.07 billion.

Analyst Ratings: Analysts seem relatively indifferent about Scripps Networks Interactive with 11 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 3.4% to $135 million (84 cents a share) from $130.6 million (78 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 3.4% to $553.5 million from $573 million.

Key Stats:

Last quarter’s earnings rise was a switch from preceding drops, so the upcoming earnings announcement is a chance to build on last quarter’s result. After net income declines in the second quarter of the last fiscal year and third quarter of the last fiscal year, profit rose in the fourth quarter of the last fiscal year.

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 1% in the third quarter of the last fiscal year and dropped again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price rose $7.57 (17.5%), from $43.19 to $50.76. It saw one of its worst periods between July 26, 2011 and August 4, 2011 when shares fell for eight straight days, dropping 16% (-$7.61) over that span. The stock price saw one of its best stretches over the last year between April 10, 2012 and April 17, 2012, when shares rose for six straight days, increasing 6% (+$2.76) over that span.

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

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