E W Scripps Q2 2024 GAAP EPS $(0.15) Misses $(0.01) Estimate, Sales $573.629M Miss $585.811M Estimate
Portfolio Pulse from Benzinga Newsdesk
E W Scripps (NASDAQ:SSP) reported Q2 2024 GAAP EPS of $(0.15), missing the $(0.01) estimate by 1400%. Sales were $573.629M, missing the $585.811M estimate by 2.08% and down 1.58% from last year.
August 08, 2024 | 8:40 pm
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NEGATIVE IMPACT
E W Scripps reported a significant earnings miss with Q2 2024 GAAP EPS of $(0.15) compared to the $(0.01) estimate. Sales also missed expectations and were down year-over-year.
The significant miss on both EPS and sales, along with a year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100