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Media Stocks To Watch For Q3 Earnings On Nov 4: SSP & HMTV

By Zacks Investment ResearchStock MarketsNov 03, 2016 07:02AM ET
www.investing.com/analysis/media-stocks-to-watch-for-q3-earnings-on-nov-4:-ssp---hmtv-200162491
Media Stocks To Watch For Q3 Earnings On Nov 4: SSP & HMTV
By Zacks Investment Research   |  Nov 03, 2016 07:02AM ET
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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 (NYSE:SSP) 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. (NASDAQ:HMTV) 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

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EW SCRIPPS CO (SSP): Free Stock Analysis Report

HEMISPHERE MDA (HMTV): Free Stock Analysis Report

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Zacks Investment Research
Media Stocks To Watch For Q3 Earnings On Nov 4: SSP & HMTV
 

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Media Stocks To Watch For Q3 Earnings On Nov 4: SSP & HMTV

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