E.W. Scripps (NASDAQ:SSP) Announces Earnings Results, Misses Estimates By $0.19 EPS

Posted by Maurice Goldstein on Nov 7th, 2024

E.W. Scripps (NASDAQ:SSP – Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.19), Zacks reports. E.W. Scripps had a positive return on equity of 8.27% and a negative net margin of 8.55%. The business had revenue of $646.30 million during the quarter, compared to analyst estimates of $634.01 million. During the same quarter last year, the firm earned ($0.15) EPS.

E.W. Scripps Trading Up 4.7 %

SSP stock traded up $0.11 during mid-day trading on Thursday, reaching $2.46. The company’s stock had a trading volume of 191,105 shares, compared to its average volume of 890,172. The company has a market cap of $211.85 million, a price-to-earnings ratio of -0.76 and a beta of 1.66. E.W. Scripps has a 12 month low of $1.68 and a 12 month high of $9.35. The business’s 50 day moving average price is $2.31 and its 200 day moving average price is $2.75. The company has a current ratio of 1.34, a quick ratio of 1.50 and a debt-to-equity ratio of 2.24.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SSP. StockNews.com upgraded E.W. Scripps from a “sell” rating to a “hold” rating in a research report on Tuesday. Benchmark dropped their price target on E.W. Scripps from $11.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday.

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E.W. Scripps Company Profile

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The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media, Scripps Networks, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, sports, and entertainment content, as well as its related digital operations; runs network, syndicated, and original programming, and local sporting events; and provides core and political advertising services.