3 Important Media Stocks to Watch Before Earnings

The DIRECTV Group, Inc. (NASDAQ:DTV) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 73 cents per share, a rise of 32.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 74 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $3.35 per share, a rise of 35.1% from last year.

Last quarter, the company reported profit of 91 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters. On average, analysts predict $6.74 billion in revenue this quarter, a rise of 12% from the year ago quarter. Analysts are forecasting total revenue of $26.91 billion for the year, a rise of 11.7% from last year’s revenue of $24.1 billion.

Competitors to Watch: DISH Network Corp. (NASDAQ:DISH), Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable Inc. (NYSE:TWC), Grupo Televisa, S.A. (NYSE:TV), Cablevision Systems Corp. (NYSE:CVC), Hughes Communications Inc. (NASDAQ:HUGH), Fisher Communications, Inc. (NASDAQ:FSCI), Liberty Global Inc. (NASDAQ:LBTYA), and Mediacom Communications Corp. (NASDAQ:MCCC).

Scripps Networks Interactive Inc. (NYSE:SNI) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of 65 cents per share, a rise of 10.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 68 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 66 cents during the last month. Analysts are projecting profit to rise by 18.6% versus last year to $2.81.

The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 78 cents per share, and the previous quarter, it had net income of 62 cents. Analysts are projecting a rise of 0.7% in revenue from the year-earlier quarter to $512.1 million.

Competitors to Watch: Discovery Communications Inc. (NASDAQ:DISCA), CBS Corporation (NYSE:CBS), Crown Media Holdings, Inc (NASDAQ:CRWN), Liberty Global Inc. (NASDAQ:LBTYA), Liberty Media Corp (NASDAQ:LINTA), The Walt Disney Company (NYSE:DIS), NTN Buzztime, Inc. (AMEX:NTN), Outdoor Channel Hldgs., Inc. (NASDAQ:OUTD), and Belo Corp. (NYSE:BLC).

Lamar Advertising Company (NASDAQ:LAMR) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of 7 cents per share, a rise of sevenfold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 7 cents during the last month. For the year, analysts are projecting profit of 3 cents per share, a swing from net loss of 25 cents last year.

The company beat estimates last quarter after falling short in the prior two. In the second quarter, the company reported net income of 12 cents per share versus a mean estimate of profit of 8 cents per share. In the first quarter, the company missed estimates by one cent. On average, analysts predict $292.3 million in revenue this quarter, a rise of 2.2% from the year ago quarter. Analysts are forecasting total revenue of $1.12 billion for the year, a rise of 2.8% from last year’s revenue of $1.09 billion.

Competitors to Watch: Clear Channel Outdoor Hldgs., Inc. (NYSE:CCO), AirMedia Group Inc. (NASDAQ:AMCN), Focus Media Holding Ltd. (NASDAQ:FMCN), National CineMedia, Inc. (NASDAQ:NCMI), Omnicom Group Inc. (NYSE:OMC), Interpublic Group of Companies, Inc. (NYSE:IPG), VisionChina Media Inc (NASDAQ:VISN), ValueClick, Inc. (NASDAQ:VCLK), Inuvo, Inc. (AMEX:INUV), and interCLICK Inc (NASDAQ:ICLK).