Scripps Posts Strong Third Quarter as Ad Revenue Continues to Grow
Scripps posted a strong third quarter as revenue and EBITDA came in above expectations. Despite the beat, management reiterated its full-year guidance. We are maintaining our narrow economic moat rating and $72 fair value estimate. With the stock still trading in 3-star territory, we would wait for a pullback before investing.Total operating revenue improved 3.5% year over year to $803 million, driven primarily by ad revenue growth. The U.S. Networks segment grew 3.8% overall, led once again by...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.