Media, broadcasting, and digital services company E.W. Scripps (NASDAQ: SSP) will be reporting results this Thursday after market close. Here’s what to expect.
E.W. Scripps missed analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $540.1 million, down 5.8% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EPS estimates.
Is E.W. Scripps a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting E.W. Scripps’s revenue to decline 18.9% year on year to $523.9 million, a reversal from the 14.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. E.W. Scripps has missed Wall Street’s revenue estimates three times over the last two years.
Looking at E.W. Scripps’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FOX delivered year-on-year revenue growth of 4.9%, beating analysts’ expectations by 4.6%, and Nike reported revenues up 1.1%, topping estimates by 6.5%. FOX traded up 6.3% following the results while Nike was also up 6.5%.
Read our full analysis of FOX’s results here and Nike’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. E.W. Scripps is down 10% during the same time and is heading into earnings with an average analyst price target of $5.63 (compared to the current share price of $2.17).
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