E.W. Scripps Co. (NASDAQ: SSP) Stock: Will It Be A Game-Changer?

In the last trading session, 1.02 million shares of the E.W. Scripps Co. (NASDAQ:SSP) were traded, and its beta was 1.91. Most recently the company’s share price was $3.78, and it changed around $0.06 or 1.61% from the last close, which brings the market valuation of the company to $319.86M. SSP currently trades at a discount to its 52-week high of $11.02, offering almost -191.53% off that amount. The share price’s 52-week low was $2.93, which indicates that the current value has risen by an impressive 22.49% since then. We note from E.W. Scripps Co.’s average daily trading volume that its 3-month average coming to 1.10 million.

E.W. Scripps Co. stock received a consensus recommendation rating of Hold, based on a mean score of 2.60. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended SSP as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. E.W. Scripps Co. is expected to report earnings per share of -$0.17 for the current quarter.

E.W. Scripps Co. (NASDAQ:SSP) trade information

Instantly SSP has showed a green trend with a performance of 1.61% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -52.69% year-to-date, but still up 18.12% over the last five days. On the other hand, E.W. Scripps Co. (NASDAQ:SSP) is 8.78% up in the 30-day period.

E.W. Scripps Co. (SSP) estimates and forecasts

E.W. Scripps Co. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -38.34 percent over the past six months and at a 106.25% annual growth rate that is well above the industry average of 25.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 54.10% in revenue this quarter, and will report an increase of 102.20% in the next quarter. The year-over-year growth rate is expected to be 9.10%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $566.43 million in revenue for the current quarter. 3 analysts expect E.W. Scripps Co. to make $585.93 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $527.78 million and $582.84 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.30%. Forecasts for the next quarter put sales growth at 0.50%.

E.W. Scripps Co. earnings are expected to increase by 388.30% in 2024, but the outlook is positive 10.00% per year for the next five years.