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

The E.W. Scripps Company (NYSE:SSP) will unveil its latest earnings on Tuesday, August 9, 2011. The E. W. Scripps Company is a media concern 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 net income of 3 cents per share, a decline of 57.1% 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 and it has not changed during the last month. For the year, analysts are projecting net loss of 11 cents per share, a swing from profit of 65 cents last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported a loss of 13 cents per share versus a mean estimate of net loss of 5 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 8 cents.

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Wall St. Revenue Expectations: On average, analysts predict $184.1 million in revenue this quarter, a decline of 2.5% from the year ago quarter. Analysts are forecasting total revenue of $731.3 million for the year, a decline of 5.9% from last year’s revenue of $776.9 million.

Key Stats:

E.W. Scripps Company’s loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $8.9 million in the first quarter, a profit of $25.6 million in the fourth quarter of the last fiscal year, a profit of $6.2 million in the third of the last fiscal year and a profit of $99.5 million in the second quarter of the last fiscal year.

Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 9.4% to $180.4 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 1.3%.

Competitors to Watch: Gannett Co., Inc. (NYSE:GCI), News Corporation (NASDAQ:NWSA), Lee Enterprises, Inc. (NYSE:LEE), Journal Communications, Inc. (NYSE:JRN), The New York Times Company (NYSE:NYT), The McClatchy Company (NYSE:MNI), Media General, Inc. (NYSE:MEG), The Walt Disney Company (NYSE:DIS), GateHouse Media, Inc. (GHSE), and A. H. Belo Corporation (NYSE:AHC).

Stock Price Performance: During July 6, 2011 to August 3, 2011, the stock price had dropped $1.28 (-13.3%) from $9.65 to $8.37. The stock price saw one of its best stretches over the last year between June 13, 2011 and June 21, 2011 when shares rose for seven-straight days, rising 11.5% (+93 cents) over that span. It saw one of its worst periods between April 26, 2011 and May 4, 2011 when shares fell for seven-straight days, falling 4.6% (-44 cents) over that span. Shares are down $1.78 (-17.5%) year to date.

(Source: Xignite Financials)

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