E.W. Scripps Co. (SSP) Misses Q4 EPS by 8c

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February 24, 2023 7:32 AM EST

E.W. Scripps Co. (NASDAQ: SSP) reported Q4 EPS of $0.84, $0.08 worse than the analyst estimate of $0.92. Revenue for the quarter came in at $681 million versus the consensus estimate of $690.72 million.

Looking aheadComparisons for our segments are to the same period in 2022.

First-quarter 2023

Local Media revenue

Down mid-single-digit percent range

Local Media expense

Flat

Scripps Networks revenue

Down high-single-digit percent range

Scripps Networks expense

Up high-single-digit percent range

Shared services and corporate

About $24 million

Full-year 2023

Interest paid

Between $180-$190 million

Capital expenditures

Between $75-$85 million

Taxes paid

Between $40-$50 million

Depreciation and amortization

Between $155-$165 million

For earnings history and earnings-related data on E.W. Scripps Co. (SSP) click here.


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