Scripps Networks Interactive Earnings: Everything You Must Know Now
Scripps Networks Interactive, Inc. (NYSE:SNI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Scripps Networks Interactive, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 16.13% to $1.08 in the quarter versus EPS of $0.93 in the year-earlier quarter.
Revenue: Rose 10.67% to $665.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Scripps Networks Interactive, Inc. reported adjusted EPS income of $1.08 per share. By that measure, the company beat the mean analyst estimate of $1.05. It beat the average revenue estimate of $656.28 million.
Quoting Management: “The growth story at Scripps Networks Interactive continued during the second quarter, driven by the tremendous popularity of our lifestyle television networks with media consumers, advertisers and content distributors,” said Kenneth W. Lowe, chairman, president and chief executive officer. “We’ve succeeded in creating a valuable portfolio of networks — as well as industry-leading websites and apps — that attract a highly engaged audience of food, home and travel enthusiasts. Those distinctly unique attributes drive our company’s consistently solid operating results.”
Key Stats (on next page)…
Revenue increased 11.9% from $594.39 million in the previous quarter. EPS increased 40.26% from $0.77 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.83 to a profit $0.84. For the current year, the average estimate is a profit of $3.67, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)