We recently published a list of These 10 Stocks Posted Double-, Triple-Digit Gains Last Week. In this article, we are going to take a look at where The EW Scripps Company (NASDAQ:SSP) stands against other stocks that posted double-, triple-digit gains last week.
Micro- and small-cap companies dominated gains on the stock market last week, bucking an overall market pessimism, thanks to a flurry of company developments that bolstered investing appetite, including acquisition and stellar earnings performance.
In this article, we listed the names of last week’s top performers and detailed the reasons behind their gains based on their share prices last Friday, March 14, and their closing prices on March 7, or the Friday prior.
We classify micro-cap companies as those with a market capitalization below $300 million and small-cap firms as those with a market capitalization below $1 billion.
A technician preparing a broadcast satellite dish for transmission of cable content.
The EW Scripps Company
The EW Scripps saw its share prices rally by 76 percent week-on-week as investors cheered the company’s strong earnings performance in the fourth quarter of the year.
In its latest earnings release, SSP said it achieved an $87.6-million income attributable to shareholders in the fourth quarter of 2024, reversing a loss of $998 million in the same period a year earlier, on the back of strong record political advertising revenues.
Total revenues increased by 18 percent to $728 million from $615 million in the same period a year earlier.
Looking ahead, SSP said it expects to face challenges under the new leadership at the Federal Communications Commission, but it will lean into any opportunity to improve operating performance.
SSP is a leading media company that owns Scripps News, Court TV, ION, Bounce, Grit, ION Mystery, ION Plus, and Laff.
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This article is originally published at Insider Monkey.
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