The E.W. Scripps Company First Quarter Earnings Sneak Peek

The E.W. Scripps Company (NYSE:SSP) will unveil its latest earnings on Tuesday, May 8, 2012. E. W. Scripps is a media company with interests in national television networks, newspaper publishing, broadcast television, interactive media and licensing and syndication.

The E.W. Scripps Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 2 cents per share, a narrower loss from the year-earlier quarter net loss of 13 cents. For the year, analysts are projecting net income of 67 cents per share, a spike from net loss of 15 cents last year.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 11 cents per share against an estimate of net income of. The company also topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: Analysts predict a rise of 12.1% in revenue from the year-earlier quarter to $202.2 million.

Analyst Ratings: The limited number of analysts covering the stock seem bullish with three analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 75.5% to $6.3 million (11 cents a share) from $25.6 million (39 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 10.4% to $197.4 million from $220.2 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 9.4% in the first quarter of the last fiscal year, 3% in second quarter of the last fiscal year and 8.6% in the third quarter of the last fiscal year and then fell again in the fourth quarter of the last fiscal year of the last fiscal year.

The upcoming earnings announcement is a chance for the company to build on positive results from last quarter. After taking losses in the first quarter of the last fiscal year, the second of the last fiscal year and the third quarter of the last fiscal year, the company finished in the black with income of $6.3 million in the fourth of the last fiscal year.

Stock Price Performance: Between April 3, 2012 and May 2, 2012, the stock price dropped 67 cents (-6.9%), from $9.74 to $9.07. It saw one of its worst periods between April 26, 2012 and May 2, 2012 when shares fell for five straight days, dropping 2.2% (-20 cents) over that span. The stock price saw one of its best stretches over the last year between February 10, 2012 and February 21, 2012, when shares rose for seven straight days, increasing 7.8% (+68 cents) over that span.

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

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