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E. W. Scripps Company Class A (SSP)
NASDAQ:SSP
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.35Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: 130.77%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant achievements in debt refinancing and political advertising revenue. However, challenges in core advertising and local media distribution revenue were noted. The company's proactive measures in margin improvement and strategic sports investments are positive indicators for future growth.Company Guidance
In the E.W. Scripps Company's Fourth Quarter 2024 earnings call, several metrics were highlighted, reflecting the company's financial health and strategic direction. The company reported a reduction in its year-end leverage ratio to 4.8 times, a significant improvement from the previous year. The Scripps Networks division improved its margin by 400 to 600 basis points, with a reported fourth-quarter margin of 28%. The Local Media division achieved record political advertising revenue, up nearly 30% compared to the 2020 presidential election year. Scripps also announced successful debt refinancing efforts, which included a two-year extension on the 2026 term loan and a one-year extension on the 2028 term loan, alongside an advantageous accounts receivable securitization facility. The company's blended cost of debt increased by less than 1%. Additionally, Scripps completed $20 million in property sales and reached an agreement for another $50 million. Overall, the company is focused on reducing its debt, improving operating performance, and capitalizing on potential regulatory changes that could present new opportunities for consolidation and growth.Debt Refinancing Achievements
Successfully refinanced the revolving credit facility and 2026 and 2028 term loans, significantly improving the debt structure and reducing leverage to 4.8 times by year-end, nearly a full turn below the end of 2023.
Record Political Advertising Revenue
Achieved a record political advertising revenue, almost 30% higher than the 2020 presidential election year revenue, with more than 80% of these dollars coming from only six states.
Scripps Networks Margin Improvement
Improved Scripps Networks division margin by 400 to 600 basis points, with a reported fourth-quarter margin of 28% despite a one-time charge.
Connected TV Revenue Growth
Connected TV revenue was up 16% in the fourth quarter, with expectations of more than 30% growth in Q1 2025.
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SSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $1.43 | $2.05 | +43.36% |
| Nov 04, 2024 | $3.52 | $2.27 | -35.51% |
| Aug 08, 2024 | $2.96 | $2.37 | -19.93% |
| May 09, 2024 | $4.62 | $3.60 | -22.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does E. W. Scripps Company Class A (SSP) report earnings?
E. W. Scripps Company Class A (SSP) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is E. W. Scripps Company Class A (SSP) earnings time?
E. W. Scripps Company Class A (SSP) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSP EPS forecast?
SSP EPS forecast for the fiscal quarter 2025 (Q1) is -0.35.
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