Scripps Networks Interactive Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Scripps Networks Interactive Inc. (NYSE:SNI) will unveil its latest earnings on Thursday, November 3, 2011. 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 65 cents per share, a rise of 10.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 68 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 66 cents during the last month. Analysts are projecting profit to rise by 18.6% versus last year to $2.81.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 78 cents per share, and the previous quarter, it had net income of 62 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 0.7% in revenue from the year-earlier quarter to $512.1 million.

Analyst Ratings: Analysts seem relatively indifferent about Scripps Networks Interactive with 10 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 27.1% to $77.4 million (46 cents a share) from $106.2 million (63 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 3.5% to $534 million from $516 million.

Key Stats:

The decrease in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 38.7% in the first quarter, 38.4% in the fourth quarter of the last fiscal year and 55.7% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 14.2% in the first quarter from the year earlier, climbed 33.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 39.6% 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 September 30, 2011 to October 28, 2011, the stock price had risen $6.47 (17.4%) from $37.17 to $43.64. It saw one of its worst periods between July 26, 2011 and August 4, 2011 when shares fell for eight-straight days, falling 16% (-$7.65) over that span. 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% (+$4.36) over that span. Shares are down $7.80 (-15.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.