Earnings to watch: E.W. Scripps (SSP) reports Q3 results tomorrow

What happened

E.W. Scripps, a media, broadcasting, and digital services company, is scheduled to report its third-quarter results Thursday after the market closes. Analysts expect revenue to rise 4.2% year over year, following a 9.2% decline to $490.4 million last quarter.

Confirmed

Global impact / market context

The results will show whether revenue is turning upward as analysts expect, after the company missed revenue, earnings per share, and EBITDA estimates last quarter. Revenue growth or another shortfall could change expectations for the company’s ability to fund operations and future spending.

Analyst inference

Analysts have generally kept their estimates unchanged over the past 30 days, while Scripps has missed revenue estimates several times in the last two years. Peer results vary: FOX beat expectations, while the excerpt gives no complete comparison for Hilton Grand Vacations.

Confirmed

What to watch

1. Check reported third-quarter revenue against the expected 4.2% year-over-year growth; a miss would challenge the forecast of a reversal from last year’s decline. Analyst inference
2. Look for earnings per share and EBITDA, a measure of operating performance, versus analyst estimates, since Scripps missed both measures last quarter. Analyst inference
3. Compare the reported results with analysts’ estimates and recent forecasts; the article says estimates were generally reconfirmed, but does not provide updated figures. Confirmed

Evidence

• stockstory.org