Scripps Earnings Cheat Sheet: Trends Positive for Remainder of 2011

S&P 500 (NYSE:SPY) component Scripps Networks Interactive, Inc. (NYSE:SNI) reported its results for the first quarter. Scripps Networks Interactive, Inc. is a media company operating as a lifestyle content and interactive services provider. The company’s two segments are Lifestyle Media and Interactive Services. Through these, it engages in national television networks, such as Food Network, and internet-based media outlets like Shopzilla. Are We Entering the Golden Era of Media?>>

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Scripps Networks Interactive Earnings Cheat Sheet for the First Quarter

Results: Net income for the broadcasting company rose to $100.5 million (59 cents/share) vs. $72.5 million (43 cents/share) in the same quarter a year earlier. A rise of 38.7% from the year earlier quarter.

Revenue: Rose 14.2% to $536 million YoY.

Quoting Management: “Our strong advertising growth in the first quarter reflects the popularity of our networks and their tremendous value as marketing platforms for advertisers and distribution partners,” said Kenneth W. Lowe, chairman, president and chief executive officer for Scripps Networks Interactive. “We’re committed to building on the competitive leadership position we’ve established in the home, food and travel lifestyle content categories and are encouraged by the positive start we’ve had for the year. Trends continue to be positive which portends well for a very good 2011.”

Key Stats: The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 29.8%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 39.6% from the year earlier quarter.

The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 38.4% and in the third quarter of the last fiscal year, the figure rose 55.7%.

Competitors to Watch: Discovery Communications Inc. (NASDAQ:DISCA), CBS Corporation (NYSE:CBS), Crown Media Holdings, Inc (NASDAQ:CRWN), Liberty Global Inc. (NASDAQ:LBTYA), Liberty Media Corp (NASDAQ:LINTA), The Walt Disney Company (NYSE:DIS), NTN Buzztime, Inc. (AMEX:NTN), AOL (NYSE:AOL), Interactive Corp (NASDAQ:IACI), Outdoor Channel Hldgs., Inc. (NASDAQ:OUTD), and Belo Corp. (NYSE:BLC)

Stock Performance: Shares of SNI are trading at $48.57 as of May 5, 2011 at 10:05 AM ET, down 4.8% from the previous close.


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