The E.W. Scripps Company (NASDAQ:SSP) media enterprise, is reporting third quarter earnings results on Friday 6th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.73 per share.
For the full year, analysts predict revenues of $ 1801.75 million, while looking forward to income of $ 1.10 per share.
Previous Quarter Performance
The E.W. Scripps Company recorded loss for the second quarter of $ 0.22 per share, from the revenue of $ 358.88 million. The quarterly revenues elevated 6.33 percent compared with the same quarter last year. According to street consensus, SSP was expected to report 2Q20 loss of $ 0.35 per share from revenue of $ 368.48 million. The bottom line results beat street analysts by $ 0.13 or 37.14 percent, at the same time, top line results fell short of analysts by $ 9.6 million or 2.61 percent.
Stock Performance
Shares of The E.W. Scripps Company traded up $ 0.43 or 4.34 percent on Thursday, reaching $ 10.33 with volume of 308.20 thousand shares. The E.W. Scripps Company has traded high as $ 10.68 and has cracked $ 9.89 on the downward trend
According to the previous trading day, closing price of $ 10.33, representing a 84.70 % increase from the 52 week low of $ 5.36 and a 41.52 % decrease over the 52 week high of $ 16.93.
The company has a market capital of $ 842.34 million and is part of the Consumer Cyclical sector and Broadcasting – TV industry.
Recent Analyst recommendations
- On 25th September 2020, maintained by Benchmark at Buy rating, with $ 19.00 target price.
Conference Call
The E.W. Scripps Company will be hosting a conference call at 9:30 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.scripps.com
The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. The company operates through Local Media, National Media, and Other segments.
