E.W. Scripps (SSP) to Release Quarterly Earnings on Thursday

E.W. Scripps (NASDAQ:SSP) is set to announce its earnings after the market closes on Thursday, November 7th. For those interested in following the earnings conference call, they can do so by using the provided link.

The last earnings report for E.W. Scripps was released on August 8th, where the company reported an earnings per share (EPS) of ($0.15), missing analysts' average expectation of $0.02 by $0.17. The company recorded a revenue of $573.63 million, which fell short of the expected $586.65 million. In the same report, E.W. Scripps showed a return on equity of 2.94% and a net margin of -11.06%. A year earlier, the company had reported an EPS of ($0.09).

E.W. Scripps Stock Performance

As of the latest trading on Thursday, E.W. Scripps stock opened at $3.32. The company has a 50-day moving average of $2.25 and a 200-day moving average of $2.77. Over the last year, the stock has seen a low of $1.68 and a high of $9.35. Currently, E.W. Scripps has a market capitalization of $285.91 million, along with a negative price-to-earnings (P/E) ratio of -0.91 and a beta of 1.74. Its quick and current ratios both stand at 1.50, while the debt-to-equity ratio is notably high at 3.79.

Wall Street Analyst Insights

Recently, analysts have provided various assessments on E.W. Scripps. On August 15th, StockNews.com downgraded the company's rating from "hold" to "sell." Benchmark also revised their price target for E.W. Scripps from $14.00 down to $11.00 while maintaining a "buy" rating as of August 12th.

About E.W. Scripps

The E.W. Scripps Company operates as a media organization that oversees a collection of local television stations, national news, and entertainment networks in the United States. The company functions across several segments: Local Media, Scripps Networks, and Other. The Local Media segment manages broadcast television stations that offer news, information, sports, and entertainment content, including digital operations, network and original programming, along with offering advertising services.

Earnings, Stocks, Investing