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

E W Scripps

03/11/2023 13:32

* E W Scripps Co  SSP.OQ  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 38
cents.  The mean expectation of six analysts for the quarter was
for a loss of 22 cents per share. Wall Street expected
results to range from -42 cents to -10 cents per share.
    * Revenue fell 7.4% to $566.53 million from a year ago;
analysts
expected $565.97 million. 
    * E W Scripps Co's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $16.23 million.
    * E W Scripps Co shares had risen by 11.3% this quarter and
lost 53.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 486.7% 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," 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
$11.00 
This summary was machine generated from LSEG data November 3 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.93