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

Posted by Mark Dietrich on Nov 5th, 2024

E.W. Scripps (NASDAQ:SSP – Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.19), Zacks reports. The business had revenue of $646.30 million for the quarter, compared to analyst estimates of $634.01 million. E.W. Scripps had a positive return on equity of 2.94% and a negative net margin of 11.06%. During the same quarter last year, the firm posted ($0.15) EPS.

E.W. Scripps Stock Down 2.2 %

SSP traded down $0.05 during midday trading on Tuesday, hitting $2.22. The company had a trading volume of 229,693 shares, compared to its average volume of 880,235. E.W. Scripps has a 52 week low of $1.68 and a 52 week high of $9.35. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.79. The company has a market capitalization of $191.19 million, a price-to-earnings ratio of -0.60 and a beta of 1.66. The stock’s 50 day moving average price is $2.30 and its 200 day moving average price is $2.76.

Analyst Ratings Changes

SSP has been the topic of a number of recent research reports. Benchmark cut their price target on shares of E.W. Scripps from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, August 12th. StockNews.com downgraded shares of E.W. Scripps from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th.

View Our Latest Research 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.