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E. W. Scripps Company Class A (SSP)
:SSP
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.01Last 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:Nov 09, 2018
|% Change Since: -35.23%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance in political advertising and effective expense management, leading to a reduction in debt and leverage. However, there are challenges in core advertising and the delay in the Bounce network sale. The positive aspects of political revenue and debt reduction are significant, but there are notable concerns in other areas.Company Guidance
In the recent earnings call for Scripps (SSP) for Q3 2024, the company provided extensive guidance on their financial performance and expectations. The third quarter saw record political advertising revenue of $125 million, contributing to a 26% year-over-year increase in Local Media division revenue, surpassing the guidance of 20%. This boosted company EBITDA significantly and reduced the leverage ratio from 6x to 5.1x. The company expects further deleveraging to the high 4x range by year-end, driven by continued high political ad revenue and strong Q4 performance. The Scripps Networks division reported a 6% decrease in revenue for Q3, but expenses decreased by nearly 4%, and they anticipate a 400- to 600-basis-point margin improvement in 2025. For Q4, the company projects Local Media revenue growth in the low to mid-30% range, with expenses rising in the mid-single-digit percent range. The balance process includes plans to divest the Bounce network in 2025 and ongoing real estate sales, with $60 million in transactions already under letters of intent.Record Political Advertising Revenue
Scripps reported another record year of political advertising revenue, expected to exceed $340 million, nearly 30% above the 2020 presidential year.
Decreased Leverage Ratio
The company's leverage ratio decreased from 6x at the end of Q2 to 5.1x at the end of Q3, with expectations to reach the high 4x range by year-end.
Local Media Revenue Growth
Local Media division revenue was up 26% from the year-ago period, driven by a record amount of third quarter political advertising revenue.
Debt Reduction Plan Progress
Scripps paid down $115 million in debt in Q3, with a net debt of $2.7 billion. They expect to apply nearly $300 million to debt paydown by the end of the year.
Connected TV Revenue Growth
Connected TV upfront revenue grew by 164% over last year's upfront.
Expense Management in Scripps Networks
Scripps Networks division expenses decreased by nearly 4% in Q3, mainly due to lower programming costs.
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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 |
|---|---|---|---|
| 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% |
| Feb 23, 2024 | $5.39 | $4.34 | -19.48% |
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 Feb 21, 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 Feb 21, 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 2024 (Q4) is 1.01.
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