E W Scripps Co reports results for the quarter ended in December - Earnings Summary

E W Scripps

23/02/2024 14:31

* E W Scripps Co  SSP.OQ  reported a quarterly adjusted loss
of
$3.17​​ per share for the quarter ended in December.  The mean
expectation of six analysts for the quarter was for earnings of
15 cents per share. Wall Street expected results to range from
-6 cents to 46 cents per share.
    * Revenue fell 9.6% to $615.77 million from a year ago;
analysts
expected $602.00 million. 
    * E W Scripps Co's reported EPS for the quarter was a loss
of
$3.17​.
    * The company reported a quarterly loss of $268.34 million.
    * E W Scripps Co shares had fallen by 32.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 37.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "hold"

Wall Street's median 12-month price target for E W Scripps Co is
$10.50 
This summary was machine generated from LSEG data February 23 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.15           -3.17          Missed
 Sep. 30 2023      -0.22          -0.19          Beat
 Jun. 30 2023      -0.12          -0.09          Beat
 Mar. 31 2023      -0.38          -0.37          Beat