Scripps Networks Interactive Inc. (SNI) Beat on Q1 Earnings and Revs
Scripps Networks Interactive Inc. SNI operates as lifestyle content and interactive services company in the U.S. and internationally. The company is one of the leading developers of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online videos, social media areas and e-commerce components on companion websites and broadband vertical channels. Scripps Networks operates several cable and satellite TV networks.
Currently, Scripps Networks has a Zacks Rank #3 (Hold), but that could definitely change following earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Scripps Networks beats earnings. Our consensus earnings estimate called for EPS of $1.01 per share, and the company reported EPS of $1.37 per share instead. Investors should note that these figures take out stock option expenses.
Revenue: Scripps Networks reported revenues of $816.9 million which surpassed our consensus estimate of $787 million.
Key Stats to Note: Scripps Networks reported 31.4% year over year growth in Advertising revenues for the reported period mainly driven by 13.7% growth in U.S. networks advertising revenue. Moreover, the company also increased adjusted segment profit guidance to 8% for 2016.
Check back later for our full write up on this Scripps Networks earnings report later!
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