E W Scripps Q3 Adj EPS $(0.13) Beats $(0.22) Estimate, Sales $566.53M Beat $565.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
E W Scripps (NASDAQ:SSP) reported Q3 adjusted EPS of $(0.13), beating the analyst consensus estimate of $(0.22) by 40.91%. The company also reported quarterly sales of $566.53 million, beating the estimate of $565.97 million by 0.10%. However, this represents a 134.21% decrease in earnings and a 7.45% decrease in sales compared to the same period last year.
November 03, 2023 | 12:07 pm
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NEUTRAL IMPACT
E W Scripps reported better than expected Q3 results but showed a significant decrease compared to last year. This mixed result could lead to uncertain market reactions.
While E W Scripps beat the estimates for Q3, the significant decrease in earnings and sales compared to the same period last year could be a cause for concern among investors. This could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100