Scripps Networks Interactive Inc. operates as lifestyle content and interactive services company in the U.S. and internationally. The company is one of the leading developers of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online videos, social media areas and e-commerce components on companion websites and broadband vertical channels. Scripps Networks operates several cable and satellite TV networks.
The company has an impressive track record having delivered positive earnings surprises in each of the last four quarters, with an average beat of 21.34%.
Currently, Scripps Networks has a Zacks Rank #4 (Sell), but that could definitely change following earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Scripps Networks’ earnings (excluding special items) of $1.26 per share easily beat the Zacks Consensus Estimate of 93 cents. Earnings improved in double-digits on a year over year basis.
Revenue: Scripps Networks reported operating revenues of $803.1 million beat the Zacks Consensus Estimate of $793.5 million. Revenues were up 3.5% on a year over year basis.
Key Stats: Operating revenues in the U.S. Networks’ segment climbed 3.8%, on the back of impressive advertising revenue growth. Operating revenues in the International Networks segment also grew on a year-over-year basis.
Check back later for our full write up on this Scripps Networks earnings report later!
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