Pure-play lifestyle cable network company Scripps Network Interactive (SNI - Analyst Report) is set to release its fourth-quarter 2012 results before the opening bell on Feb 7, 2013.

Last quarter, the company delivered a 4% positive earnings surprise. Let’s see how things are shaping up for this announcement.

Factors to be Considered this Quarter

The lifestyle media segment, which represents 97.5% of the company revenue, is expected to deliver positive results on the back of improved ratings for food and Home and Garden Television (HGTV) and continuous progress in the travel business. Systematic share buyback program of the company is further expected to enhance profitability.

Scripps Network Interactive generates 65% of its revenue from marketing and advertising spending of the corporate sector in the U.S., which is sensitive to economic conditions. Thus the sluggish growth of the U.S. economy remains a major concern for Scripps.

Earnings Whispers

Our proven model does not conclusively show that Scripps Network Interactive is likely to beat the Zacks Consensus Estimate this quarter. That is because a stock needs to have both a positive Expected Surprise Prediction (ESP) (Read: Zacks Earnings ESP: A Better Method) and a Zacks Rank #1 (Strong Buy) or at least Zacks Rank #2 (Buy) or Zacks Rank #3 (Hold) for this to happen. Unfortunately this is not the case here as elaborated below.

Zacks ESP: This is because the Most Accurate estimate stands at 91 cents similar to the Zacks Consensus Estimate. This leads to a ESP of 0.00% for Scripps Network Interactive.

Zacks Rank #4 (Sell): Scripps Network Interactive's Zacks Rank #4 decreases the predictive power of ESP.

We caution investors against the stock going into the earnings announcement, as a Zacks earnings ESP of 0.00% combined with Zacks Rank #4 lowers the possibility of an earnings surprise.

Other Stocks to Consider

Here are some other companies to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:follow the example mentioned below, no need give the earnings release date.

AMC Networks Inc. (AMCX - Snapshot Report) has Earnings ESP of +9.52% and carries a Zacks Rank #2 (Buy).

Comcast Corporation (CMCSA - Analyst Report) has Earnings ESP of +1.89% and carries a Zacks Rank #3 (Hold).

News Corp Inc. (NWSA - Analyst Report) has Earnings ESP of +4.76% and carries a Zacks Rank #3 (Hold).

(Note: We are reissuing this article to correct an error. The original version, published Feb 4, 2013, is no longer to be relied upon.)