NASDAQ$SSP

The EW Scripps Company · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported operating results for the fourth quarter of 2020.

Scripps reported Q4 2020 results with total revenue of $591 million, up from $423 million in Q4 2019. Income from continuing operations was $114 million, or $1.35 per share, compared to $12.9 million, or $0.16 per share in the prior-year quarter.

  • Completed the acquisition of the ION national television network and combined it with the five Katz networks and Newsy to create the Scripps Networks division.
  • National Media completed its last quarter as a division with record fourth-quarter revenue of $117 million, up 28%.
  • Local Media revenue was up 43% in the fourth quarter and up 22% (adjusted combined) for 2020.
  • Scripps captured $265 million of political advertising (adjusted combined) during the presidential election year, which was record revenue on a same-station basis, and increased retransmission revenue by 31% (adjusted combined).

Headline financials

Total Revenue

$591M

Previous: $444M+33.0%
EPS (adj)

$1.35

Previous: $0.13+938.5%
Political Revenue

$140M

Previous: $15M+833.3%
Capital Expenditures

$6.86M

Previous: $19.3M-64.4%
Free Cash Flow

$111M

Previous: -$57.7M+291.8%
Net Income

$245M

Previous: $10.6M+2215.8%
Operating Income

$174M

Previous: $42.7M+306.7%
Gross Profit

$298M

Previous: $72.2M+312.9%
Cash & Equivalents

$576M

Previous: $33M+1647.2%
Total Assets

$4.86B

Previous: $3.56B+36.4%

Revenue & EPS history

Scripps · Revenue · Quarterly

$591M

Q4 2020+33%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Scripps · $474M total across 2 segments · Q4 2020

  • Local Media
    $473M+43.2%
  • Other
    $655K-35.0%

Forward guidance

Scripps has suspended issuing new guidance because of the economic uncertainty caused by the COVID-19 pandemic. However, in an effort to provide insights that reflect the current state of affairs and the company’s financial outlook, its 10-K and its earnings call remarks include details about where the company stands operationally and financially.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-1.7%

Avg return

Earnings day

-2.4%

Avg return

5 days after

-2.3%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+43.4%

Q4 2024

Best reaction

-34.9%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.0%-25.6%
Q4 2025+0.6%+6.3%-8.7%
Q3 2025-3.3%+5.3%+87.2%
Q1 2025-10.4%-8.5%-16.6%
Q4 2024+43.4%+80.4%+42.7%
Q3 2024-34.9%-33.5%-38.9%
Q2 2024-20.2%-27.6%-40.1%
Q1 2024-14.0%-13.6%-42.6%
Q4 2023-14.7%-26.2%-35.4%
Q3 2023+16.1%+13.4%+22.5%
Q2 2023+8.7%+3.5%-25.1%
Q1 2023+7.0%+3.1%+11.2%
Q4 2022-10.9%-15.9%-39.3%
Q3 2022-23.2%-0.4%+3.3%
Q2 2022+2.6%+5.0%+1.6%
Q1 2022-14.7%-15.2%-10.4%
Q4 2021+0.9%+6.5%-2.0%
Q3 2021+2.0%+0.9%-8.0%
Q2 2021-3.9%-3.1%-9.9%
Q1 2021-4.3%-7.6%-2.8%
Q4 2020+10.5%+14.2%+7.6%
Q3 2020+14.2%+17.0%+33.9%
Q2 2020-5.4%-2.1%-8.0%
Q1 2020+8.4%-15.5%+44.3%
Q4 2019-7.8%-12.9%-24.1%
Q3 2019+4.5%+0.9%+6.0%
Q2 2019-14.5%-19.7%-12.4%
Q1 2019-24.0%-24.3%-34.5%
Q4 2018+6.0%+7.5%-0.7%
Q3 2018-1.6%-3.3%-5.0%
Q2 2018+9.4%+12.1%+12.7%
Q1 2018+9.1%+10.4%+12.6%
Q4 2017-12.4%-9.8%-20.8%
Q3 2017-15.2%-14.6%-8.9%
Q2 2017-7.2%-6.2%-6.0%
Q1 2017-7.7%-9.7%-16.4%
Q4 2016+6.6%+11.6%+8.1%
Q3 2016+1.7%+9.2%+29.8%
Q2 2016-3.6%-6.0%+5.0%
Q1 2016+6.8%
Q4 2015-3.9%
Q3 2015-4.3%
Q2 2015+2.5%
Q1 2015-1.5%
Q4 2014+0.0%
Q3 2014+2.4%
Q2 2014-11.4%
Q1 2014+16.2%
Q4 2013+7.0%
Q3 2013-3.7%
Q2 2013-13.4%
Q1 2013-1.6%
Q4 2012-8.6%
Q3 2012+2.9%
Q2 2012+3.3%
Q1 2012+5.2%
Q1 2011+5.2%
Q2 2011+0.4%
Q4 2009+0.4%
Q4 2011+0.4%
Q3 2010-6.7%
Q3 2011-6.7%
Q2 2010+2.8%
Q4 2010+2.8%
Q1 2010-0.5%

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