E.W. Scripps (NASDAQ:SSP) Third Quarter 2022 Results
Key Financial Results
Revenue: US$612.1m (up 10% from 3Q 2021).
Net income: US$32.8m (down 26% from 3Q 2021).
Profit margin: 5.4% (down from 8.0% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: US$0.39 (down from US$0.54 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
E.W. Scripps Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 37%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Media industry in the US.
The company's shares are down 27% from a week ago.
What about risks? Every company has them, and we've spotted 2 warning signs for E.W. Scripps (of which 1 shouldn't be ignored!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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