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.
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 beats earnings. Our consensus earnings estimate called for EPS of $1.01 per share, and the company reported EPS of $1.37 per share instead. Investors should note that these figures take out stock option expenses.
Revenue: Scripps Networks reported revenues of $816.9 million which surpassed our consensus estimate of $787 million.
Key Stats to Note: Scripps Networks reported 31.4% year over year growth in Advertising revenues for the reported period mainly driven by 13.7% growth in U.S. networks advertising revenue. Moreover, the company also increased adjusted segment profit guidance to 8% for 2016.
Check back later for our full write up on this Scripps Networks earnings report later!
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