Looking for a stock that might be in a good position to beat earnings at its next report? Consider The E. W. Scripps Company SSP, a firm in the Publishing industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, SSP has beaten estimates by at least 25% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, SSP expected to earn 11 cents per share, while it actually produced earnings of 14 cents per share, a beat of 27.27%. Meanwhile, for the most recent quarter, the company looked to report a loss of 13 cents a share, when it actually saw a loss of 1 cent a share instead, representing a 93.31% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for E. W. Scripps. In fact, the Earnings ESP for SSP is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for SSP, as the firm currently has a Zacks Earnings ESP of 25.00%, so another beat could be around the corner.
This is particularly true when you consider that SSP has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that SSP could see another beat at its next report, especially if recent trends are any guide.
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This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, SSP has beaten estimates by at least 25% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, SSP expected to earn 11 cents per share, while it actually produced earnings of 14 cents per share, a beat of 27.27%. Meanwhile, for the most recent quarter, the company looked to report a loss of 13 cents a share, when it actually saw a loss of 1 cent a share instead, representing a 93.31% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for E. W. Scripps. In fact, the Earnings ESP for SSP is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for SSP, as the firm currently has a Zacks Earnings ESP of 25.00%, so another beat could be around the corner.
This is particularly true when you consider that SSP has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that SSP could see another beat at its next report, especially if recent trends are any guide.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EW SCRIPPS CO SSP: Free Stock Analysis Report
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