Scripps Networks Interactive Inc. (SNI) 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 8.05%.
Currently, Scripps Networks has a Zacks Rank #3 (Hold), but that could definitely change following earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Scripps Networks’ earnings (excluding special items) of $1.47 per share easily beat the Zacks Consensus Estimate of $1.26. Earnings improved 28.9% on a year over year basis.
Revenue: Scripps Networks reported operating revenues of $732.1 million which beat the Zacks Consensus Estimate of $729 million. Revenues were up 3.4% on a year over year basis.
Key Stats: Scripps Networks reported 12.3% year over year rise in segment profit for the reported period. Total advertising revenue for the lifestyle media segment increased 1.4% to $496.9 million. The marginal increase was due to the softness in the advertising market and audience delivery issues at some networks.
Check back later for our full write up on this Scripps Networks earnings report later!
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