Scripps Networks Interactive Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Scripps Networks Interactive, Inc. (NYSE:SNI) will unveil its latest earnings on Tuesday, August 9, 2011. 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.

Scripps Networks Interactive, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 70 cents per share, a rise of 18.6% 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 moved up, but has dropped from 72 cents during the last month. For the year, analysts are projecting profit of $2.73 per share, a rise of 15.2% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net income of 62 cents per share against a mean estimate of profit of 59 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $534.5 million in revenue this quarter, a rise of 3.6% from the year ago quarter. Analysts are forecasting total revenue of $2.15 billion for the year, a rise of 3.9% from last year’s revenue of $2.07 billion.

Analyst Ratings: 11 out of 20 analysts surveyed (55%) have a buy rating on Scripps Networks Interactive.. This is below the mean analyst rating of nine competitors, which average 60.4% buy ratings.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 29.7%, 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 first quarter, net income rose 38.7% while it rose 38.4% in the fourth quarter of the last fiscal year and 55.7% in the third quarter of the last fiscal year.

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), Outdoor Channel Hldgs., Inc. (NASDAQ:OUTD), and Belo Corp. (NYSE:BLC).

Stock Price Performance: During May 9, 2011 to August 3, 2011, the stock price had fallen $8.13 (-16%) from $50.94 to $42.81. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 9, 2011 when shares rose for nine-straight days, rising 9.5% (+$4.37) over that span. It saw one of its worst periods between July 26, 2011 and August 3, 2011 when shares fell for seven-straight days, falling 10.9% (-$5.26) over that span. Shares are down $8.76 (-17%) year to date.

(Source: Xignite Financials)

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