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

Posted by Elija Maina on Nov 6th, 2024

E.W. Scripps (NASDAQ:SSP – Get Free Report) issued its earnings results on Monday. The company reported $0.37 earnings per share (EPS) 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 2.94% and a negative net margin of 11.06%. The business had revenue of $646.30 million for the quarter, compared to the consensus estimate of $634.01 million. During the same quarter in the previous year, the company earned ($0.15) earnings per share.

E.W. Scripps Stock Performance

E.W. Scripps stock traded up $0.06 during mid-day trading on Wednesday, reaching $2.35. 1,821,508 shares of the company traded hands, compared to its average volume of 893,419. E.W. Scripps has a fifty-two week low of $1.68 and a fifty-two week high of $9.35. The firm’s fifty day moving average is $2.31 and its two-hundred day moving average is $2.75. The company has a debt-to-equity ratio of 3.79, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $202.38 million, a price-to-earnings ratio of -0.64 and a beta of 1.66.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SSP. Benchmark dropped their price objective on shares of E.W. Scripps from $11.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com raised E.W. Scripps from a “sell” rating to a “hold” rating in a research report on Tuesday.

Read Our Latest Stock Report on E.W. Scripps

E.W. Scripps Company Profile

(Get Free Report)

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.