Nomura Securities Maintains a 'Neutral' on Scripps Networks (SNI); 4Q Review: Lower Revenue and EBITDA at Lifestyle Media
Get Alerts SNI Hot Sheet
Price: $90.04 --0%
Rating Summary:
3 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
3 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Nomura SecuriNomura Securities maintains a 'Neutral' on Scripps Networks Ities maintains a 'Neutral' on Scripps Networks Interactive (NYSE: SNI) price target of $45.00.
Analsyt, Michael Nathanson, said, "SNI reported adj. 4Q EPS of $0.84, $0.02 better than our $0.82 (in line with consensus) estimate. The beat was driven entirely by equity in earnings of affiliates as Lifestyle Media EBITDA of $281mn missed our estimates by $14 million or 5%. The miss was driven by lower-than-expected advertising and affiliate fee revenue while segment expenses were higher."
"SNI is trading at 12x our last published 2013E earnings. We will revisit estimates following the earnings call. We still prefer media companies with big sticks to wield like Disney (NYSE: DIS) and News Corp. (Nasdaq: NWSA)."
For an analyst ratings summary and ratings history on Scripps Networks Interactive click here. For more ratings news on Scripps Networks Interactive click here.
Shares of Scripps Networks Interactive closed at $44.41 yesterday.
Analsyt, Michael Nathanson, said, "SNI reported adj. 4Q EPS of $0.84, $0.02 better than our $0.82 (in line with consensus) estimate. The beat was driven entirely by equity in earnings of affiliates as Lifestyle Media EBITDA of $281mn missed our estimates by $14 million or 5%. The miss was driven by lower-than-expected advertising and affiliate fee revenue while segment expenses were higher."
"SNI is trading at 12x our last published 2013E earnings. We will revisit estimates following the earnings call. We still prefer media companies with big sticks to wield like Disney (NYSE: DIS) and News Corp. (Nasdaq: NWSA)."
For an analyst ratings summary and ratings history on Scripps Networks Interactive click here. For more ratings news on Scripps Networks Interactive click here.
Shares of Scripps Networks Interactive closed at $44.41 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- PTC Therapeutics (PTCT) Tops Q1 EPS by 9c, provides guidance
- World Kinect Corporation (WKC) Misses Q1 EPS by 2c, Misses on Revenue
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
Nomura, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!