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

E W Scripps

09/08/2024 24:12

* E W Scripps Co  SSP.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of five analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -6 cents to 3 cents per share.
    * Revenue fell 1.6% to $573.63 million from a year ago;
analysts
expected $585.81 million. 
    * E W Scripps Co's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $13 million.
    * E W Scripps Co shares had fallen by 5.4% this quarter and
lost 62.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 108.3% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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
$9.25 
This summary was machine generated from LSEG data August 8 at
11:12 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
 Jun. 30 2024      -0.01          -0.15          Missed
 Mar. 31 2024      -0.31          -0.15          Beat
 Dec. 31 2023      0.15           -3.17          Missed
 Sep. 30 2023      -0.22          -0.19          Beat