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 Friday, November 9, 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 9 cents per share, a swing from a loss of 9 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 11 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 9 cents during the last month. For the year, analysts are projecting net income of 65 cents per share, a swing from net loss of 15 cents last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the second quarter, the company reported profit of 10 cents per share versus a mean estimate of net income of 10 cents per share. In the first quarter, the company beat estimates by 0 cents.

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A Look Back: In the second quarter, the company swung to a profit of $5.4 million (9 cents a share) from a loss of $2.2 million (4 cents) a year earlier, meeting analyst estimates. Revenue rose 18.5% to $216.9 million from $183 million.

Wall St. Revenue Expectations: On average, analysts predict $214 million in revenue this quarter, a rise of 27.5% from the year-ago quarter. Analysts are forecasting total revenue of $888.3 million for the year, a rise of 21.9% from last year’s revenue of $728.7 million.

Stock Price Performance: Between September 10, 2012 and November 5, 2012, the stock price had fallen 68 cents (-6.1%), from $11.09 to $10.41. The stock price saw one of its best stretches over the last year between August 9, 2012 and August 17, 2012, when shares rose for seven straight days, increasing 3.5% (+35 cents) over that span. It saw one of its worst periods between April 26, 2012 and May 7, 2012 when shares fell for eight straight days, dropping 7.1% (-66 cents) over that span.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 14.8% in the first quarter before climbing again in the second quarter.

Analyst Ratings: Among a limited number of analysts, three rate it as a buy, none rate it as a sell and none rate it a hold to give indications of a bullish outlook.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.61 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 2.63 in the first quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 2.2% to $128.6 million while assets rose 1.4% to $335.3 million.

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

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