E.W. Scripps Q4 Revenue Expected to Fall 24.2% YoY After $525.9M Q3
E.W. Scripps’s Q3 revenues totaled $525.9 million, down 18.6% year-on-year, with adjusted operating income exceeding estimates but EPS missing consensus. Analysts forecast Q4 revenue to decline 24.2% year-on-year versus an 18.3% gain a year earlier, following repeated revenue misses over two years.
1. Q3 Results
E.W. Scripps reported Q3 revenue of $525.9 million, down 18.6% year-on-year, with adjusted operating income exceeding estimates but EPS falling short of consensus.
2. Q4 Outlook
Analysts forecast Q4 revenue to decline 24.2% year-on-year, compared with an 18.3% increase in the same quarter last year, and have maintained estimates despite multiple revenue misses over the past two years.
3. Peer Performance
Peer broadcasters saw Fox deliver 2% revenue growth, beating forecasts by 1.8% before a 6.2% share drop, while AMC Networks posted flat revenue, topping estimates by 1.6% with shares down 2.3%.
4. Stock Sentiment
The stock has gained 1.5% over the past month against a 2.9% drop in its segment, and analysts assign a $5.85 average target, reflecting cautious optimism ahead of earnings.