Scripps Networks Interactive Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Scripps Networks Interactive Inc. (NYSE:SNI) will unveil its latest earnings on Thursday, February 9, 2012. Scripps Networks Interactive is a media company operating as a lifestyle content and interactive services provider. The company engages in national television networks, such as Food Network, and Internet-based media outlets like Shopzilla.

Scripps Networks Interactive Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 81 cents per share, a rise of 19.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 19.4% versus last year to $2.83.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported profit of 65 cents per share versus a mean estimate of net income of 65 cents per share. In the second quarter, the company beat estimates by 8 cents.

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Wall St. Revenue Expectations: On average, analysts predict $562.4 million in revenue this quarter, a decline of 1.9% from the year ago quarter. Analysts are forecasting total revenue of $2.09 billion for the year, a rise of 1% from last year’s revenue of $2.07 billion.

Analyst Ratings: Analysts seem relatively indifferent about Scripps Networks Interactive with 12 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 3% to $98.6 million (61 cents a share) from $101.7 million (61 cents a share) the year earlier, meeting analyst expectations. Revenue fell 1% to $503.7 million from $508.7 million.

Key Stats:

A year-over-year revenue decrease in the third quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 3.5%in the second quarter, 14.2% in the first quarter and 33.3% in the fourth quarter of the last fiscal year.

The company has seen net income fall in each of the last two quarters. Net income dropped 27.1% in the second quarter.

Stock Price Performance: During December 6, 2011 to February 3, 2012, the stock price had risen $2.01 (4.9%) from $41.37 to $43.38. It saw one of its worst periods between July 26, 2011 and August 4, 2011 when shares fell for eight-straight days, falling 16% (-$7.63) over that span. The stock price saw one of its best stretches over the last year between March 29, 2011 and April 6, 2011 when shares rose for seven-straight days, rising 4.3% (+$2.11) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com