Noble Financial Predicts Reduced Earnings for E.W. Scripps

Key Points

• Noble Financial lowered its Q3 2026 EPS estimate for E.W. Scripps to a loss of $0.08 from projected earnings of $0.24, and forecasts a $0.29-per-share loss for full-year 2026.
• E.W. Scripps recently reported a quarterly loss of $0.34 per share, better than the expected $0.53 loss, but revenue of $490.4 million fell short of the $511.65 million consensus estimate.
• The stock opened at $3.31, while analysts maintain a consensus “Hold” rating with a $5.90 target price; insiders have sold more than 326,000 shares over the past 90 days.

E.W. Scripps Company (The) (NASDAQ:SSP - Free Report) - Analysts at Noble Financial cut their Q3 2026 earnings per share estimates for E.W. Scripps in a research note issued on Monday, August 10th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of ($0.08) per share for the quarter, down from their prior estimate of $0.24. The consensus estimate for E.W. Scripps' current full-year earnings is $0.22 per share. Noble Financial also issued estimates for E.W. Scripps' Q4 2026 earnings at $0.84 EPS and FY2026 earnings at ($0.29) EPS.

E.W. Scripps (NASDAQ:SSP - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.19. The company had revenue of $490.40 million during the quarter, compared to analyst estimates of $511.65 million. E.W. Scripps had a negative return on equity of 3.84% and a negative net margin of 58.02%.

Several other research firms also recently issued reports on SSP. Weiss Ratings reiterated a "sell (d)" rating on shares of E.W. Scripps in a research note on Friday, May 29th. Zacks Research raised shares of E.W. Scripps from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Wall Street Zen raised E.W. Scripps to a "hold" rating in a research report on Saturday, August 1st. Wells Fargo & Company decreased their target price on E.W. Scripps from $4.70 to $3.80 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Benchmark dropped their target price on E.W. Scripps from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.90.

E.W. Scripps Stock Down 0.6%

SSP opened at $3.31 on Wednesday. E.W. Scripps has a 1 year low of $2.02 and a 1 year high of $5.39. The firm has a 50 day moving average price of $3.02 and a 200 day moving average price of $3.57. The company has a debt-to-equity ratio of 24.77, a quick ratio of 1.58 and a current ratio of 1.34. The company has a market cap of $303.00 million, a PE ratio of -0.24 and a beta of 0.65.

Insider Buying and Selling

In other E.W. Scripps news, major shareholder Molly E. Mccabe sold 142,970 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $3.48, for a total transaction of $497,535.60. Following the completion of the sale, the insider owned 123,523 shares in the company, valued at $429,860.04. This trade represents a 53.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 326,675 shares of company stock valued at $1,117,887 over the last ninety days. Corporate insiders own 5.24% of the company's stock.

Institutional Trading of E.W. Scripps

Hedge funds have recently made changes to their positions in the stock. M&T Bank Corp bought a new position in E.W. Scripps during the 4th quarter valued at $47,000. State of Alaska Department of Revenue bought a new stake in shares of E.W. Scripps in the 4th quarter worth about $47,000. Franklin Resources Inc. acquired a new stake in shares of E.W. Scripps in the 3rd quarter valued at about $30,000. Pinnacle Associates Ltd. bought a new position in shares of E.W. Scripps during the fourth quarter worth about $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of E.W. Scripps by 67.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 14,923 shares of the company's stock worth $37,000 after purchasing an additional 5,992 shares during the last quarter. Institutional investors and hedge funds own 67.81% of the company's stock.

About E.W. Scripps

The E.W. Scripps Company is a diversified U.S. media organization headquartered in Cincinnati, Ohio. Established in 1878 by Edward Willis Scripps, the company began as a newspaper publisher before expanding into broadcast television, cable networks and digital journalism. Today, Scripps combines a legacy of local news reporting with a growing portfolio of national cable channels and digital platforms.

Scripps operates more than 60 television stations across over 40 markets, delivering local news, weather, sports and entertainment programming to communities in both large and mid-sized U.S.

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