We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Media Stocks to Watch for Q3 Earnings on Nov 4: SSP & HMTV
Read MoreHide Full Article
The overall scenario this earnings season has been quite encouraging. As more companies post their quarterly numbers, we believe this might be the first quarter of positive earnings growth after five consecutive quarters of decline. With key players scheduled to report earnings this week, our latest Earnings Outlook now predicts earnings growth of 2.4% year over year on the back of 1.4% higher revenues. Moreover, we expect the trend to continue in the upcoming quarters.
With the initial fears of continued ‘earnings recession’ gradually dissipating, let us take a look at two media stocks that are due to report their third-quarter numbers on Nov 3.
The E. W. Scripps Company (SSP - Free Report) is a diversified media company. This Zacks Rank #3 (Hold) company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 29 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
However, the combination of a Zacks Rank #3 and Earnings ESP of 0.00% doesn’t conclusively show an earnings beat for E. W. Scripps.
Hemisphere Media Group, Inc. operates as an U.S. Hispanic TV/cable networks and content platform. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 9 cents. Also, Hemisphere Media has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Meanwhile, although the company’s Zacks Rank #3 increases the predictive power of ESP, we need a positive Earnings ESP to be confident of earnings beat.
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Media Stocks to Watch for Q3 Earnings on Nov 4: SSP & HMTV
The overall scenario this earnings season has been quite encouraging. As more companies post their quarterly numbers, we believe this might be the first quarter of positive earnings growth after five consecutive quarters of decline. With key players scheduled to report earnings this week, our latest Earnings Outlook now predicts earnings growth of 2.4% year over year on the back of 1.4% higher revenues. Moreover, we expect the trend to continue in the upcoming quarters.
With the initial fears of continued ‘earnings recession’ gradually dissipating, let us take a look at two media stocks that are due to report their third-quarter numbers on Nov 3.
The E. W. Scripps Company (SSP - Free Report) is a diversified media company. This Zacks Rank #3 (Hold) company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 29 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
However, the combination of a Zacks Rank #3 and Earnings ESP of 0.00% doesn’t conclusively show an earnings beat for E. W. Scripps.
EW SCRIPPS CO Price and Consensus
EW SCRIPPS CO Price and Consensus | EW SCRIPPS CO Quote
Hemisphere Media Group, Inc. operates as an U.S. Hispanic TV/cable networks and content platform. The company has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 9 cents. Also, Hemisphere Media has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Meanwhile, although the company’s Zacks Rank #3 increases the predictive power of ESP, we need a positive Earnings ESP to be confident of earnings beat.
HEMISPHERE MDA Price and Consensus
HEMISPHERE MDA Price and Consensus | HEMISPHERE MDA Quote
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trades >>