Wunderlich Sees Large Ad Market Gains For Scripps Networks

Scripps Networks Interactive, Inc. SNI reported 2Q results that Wunderlich describes as "best-in-class", showing EPS of $0.59 over Wunderlich's estimate of $0.49. Revenues are expected to yield from 11% ad growth at Food Network, 7% at HGTV, and 8% at Travel Channel, and Scripps reported a 30% upfront market volume gain in its 2Q, according to Wunderlich. Wunderlich maintains its "hold" rating and $46 price target. Scripps Networks Interactive, Inc. closed yesterday at $42.37. Analyze Any Stock FREE! Click Here.