Noble Financial Predicts Higher Earnings for E.W. Scripps

Key Points

• Noble Financial has increased its FY2026 earnings estimate for E.W. Scripps from $0.76 to $0.81 per share, despite the consensus estimate being higher at $1.07 per share.
• The stock currently trades at $2.58, with Wells Fargo setting a price target of $3.00 and a mixed rating outlook from other analysts.
• E.W. Scripps reported a quarterly loss of ($0.12) EPS, missing expectations, and had revenues of $540.08 million against forecasts of $544.17 million.

E.W. Scripps Company (The) (NASDAQ:SSP - Free Report) - Equities research analysts at Noble Financial upped their FY2026 earnings estimates for shares of E.W. Scripps in a research note issued to investors on Monday, August 11th. Noble Financial analyst M. Kupinski now forecasts that the company will earn $0.81 per share for the year, up from their previous forecast of $0.76. The consensus estimate for E.W. Scripps' current full-year earnings is $1.07 per share.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company set a $3.00 price target on shares of E.W. Scripps and gave the stock an "equal weight" rating in a report on Monday. Wall Street Zen lowered shares of E.W. Scripps from a "hold" rating to a "sell" rating in a report on Sunday.

E.W. Scripps Price Performance

Shares of NASDAQ:SSP opened at $2.58 on Tuesday. The stock has a market cap of $226.29 million, a PE ratio of 5.38 and a beta of 1.01. The company's fifty day moving average is $3.04 and its 200 day moving average is $2.50. E.W. Scripps has a 52 week low of $1.36 and a 52 week high of $4.17. The company has a quick ratio of 1.36, a current ratio of 1.27 and a debt-to-equity ratio of 1.97.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $540.08 million for the quarter, compared to analysts' expectations of $544.17 million. E.W. Scripps had a net margin of 4.25% and a return on equity of 15.79%.

Institutional Investors Weigh In On E.W. Scripps

A number of large investors have recently added to or reduced their stakes in SSP. Jefferies Financial Group Inc. bought a new stake in shares of E.W. Scripps during the 4th quarter valued at about $291,000. Minerva Advisors LLC boosted its stake in E.W. Scripps by 7.9% during the first quarter. Minerva Advisors LLC now owns 1,259,842 shares of the company's stock worth $3,729,000 after acquiring an additional 92,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in E.W. Scripps during the fourth quarter worth about $37,000. Millennium Management LLC boosted its stake in E.W. Scripps by 7.7% during the fourth quarter. Millennium Management LLC now owns 1,724,192 shares of the company's stock worth $3,810,000 after acquiring an additional 123,663 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in E.W. Scripps by 35.3% during the fourth quarter. Two Sigma Advisers LP now owns 471,600 shares of the company's stock worth $1,042,000 after acquiring an additional 123,100 shares in the last quarter. Institutional investors own 67.81% of the company's stock.

About E.W. Scripps

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local television stations, national news, and entertainment networks in the United States. It operates through Local Media, Scripps Networks, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, sports, and entertainment content, as well as its related digital operations; runs network, syndicated, and original programming, and local sporting events; and provides core and political advertising services.

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