Needham & Company Maintains a 'Buy' on Scripps Networks Interactive (SNI); Q1 Preview: Lowering Expectations
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: 3 | Down: 3 | New: 2
Rating Summary:
3 Buy, 19 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
Join SI Premium – FREE
Needham & Company maintains a 'Buy' on Scripps Networks Interactive (NYSE: SNI) price target of $62.00.
Analyst, Laura Martin, said, "We are lowering our 1Q12 estimates to reflect more modest growth in advertising, as well as higher programming costs in 1H12. As a result of these revisions, we now estimate 1Q12 revenues of $522mm, up 9% y/y over 1Q11 restated revenue and 1% below our previous estimates, Operating Income of $188mm, down 8% y/y and 18% below our previous estimates, and Operating EPS of $0.62, up 5% y/y and 11% below our previous estimates...we are also lowering our FY12 estimates for revenue by 1.3% to $2.273B, and EPS from Operations by 2.2% to $3.17."
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 $48.69 yesterday.
Analyst, Laura Martin, said, "We are lowering our 1Q12 estimates to reflect more modest growth in advertising, as well as higher programming costs in 1H12. As a result of these revisions, we now estimate 1Q12 revenues of $522mm, up 9% y/y over 1Q11 restated revenue and 1% below our previous estimates, Operating Income of $188mm, down 8% y/y and 18% below our previous estimates, and Operating EPS of $0.62, up 5% y/y and 11% below our previous estimates...we are also lowering our FY12 estimates for revenue by 1.3% to $2.273B, and EPS from Operations by 2.2% to $3.17."
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 $48.69 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Downgrades Calix (CALX) to Hold
- Kotak Downgrades 360 ONE WAM Ltd (360ONE:IN) to Add (2)
- 'Catalysts on the horizon:' Airbnb (ABNB) upgraded to Buy at Mizuho, shares climb
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & CompanySign 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!