4 Mega Media Stocks on Our Radar Before Earnings

IAC/InterActiveCorp. (NASDAQ:IACI) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 36 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 33 cents. Between one and three months ago, the average estimate moved up. It has risen from 34 cents during the last month. For the year, analysts are projecting net income of $1.40 per share, a rise of 976.9% from last year.

The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 47 cents per share against a mean estimate of net income of 26 cents, and the quarter before, the company exceeded forecasts by 8 cents with profit of 22 cents versus a mean estimate of net income of 14 cents. Analysts are projecting a rise of 17.1% in revenue from the year-earlier quarter to $493.6 million.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), AOL, Inc. (NYSE:AOL), Answers Corporation (NASDAQ:ANSW), Microsoft Corporation (NASDAQ:MSFT), Demand Media Inc (NYSE:DMD), Baidu.com, Inc. (NASDAQ:BIDU), InfoSpace, Inc. (NASDAQ:INSP), The Knot, Inc. (NASDAQ:KNOT), and Sohu.com Inc. (NASDAQ:SOHU).

CBS Corp (NYSE:CBS) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of 46 cents per share, a rise of 31.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 45 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting profit of $1.86 per share, a rise of 66.1% from last year.

Last quarter, the company beat estimates by 13 cents, coming in at net income of 58 cents a share versus the estimate of profit of 45 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 3.9% in revenue from the year-earlier quarter to $3.43 billion.

Competitors to Watch: The Walt Disney Company (NYSE:DIS), Scripps Networks Interactive, Inc. (NYSE:SNI), Time Warner Inc. (NYSE:TWX), Comcast Corporation (NASDAQ:CMCSA), Cumulus Media Inc. (NASDAQ:CMLS), News Corporation (NASDAQ:NWSA), DISH Network (NASDAQ:DISH), DirecTV (NASDAQ:DTV), Netflix (NASDAQ:NFLX), Radio One, Inc. (NASDAQ:ROIAK), AOL Inc. (NYSE:AOL), Entercom Communications Corp. (NYSE:ETM), and Entravision Communication (NYSE:EVC).

LinkedIn Corporation (NYSE:LNKD) will unveil its latest earnings on Thursday, November 3, 2011. During the past three months, the average estimate has moved up from a loss of 5 cents. Between one and three months ago, the average estimate moved up. It has dropped from a loss of 3 cents during the last month. For the year, analysts are projecting profit of 3 cents per share, a decline of 82.4% from last year.

The company beat estimates last quarter by reporting net income of 5 cents per share against a mean estimate of net loss of 4 cents.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Pandora Media Inc (NYSE:P), Yahoo! Inc. (NASDAQ:YHOO), Zillow Inc (NASDAQ:Z), Monster Worldwide, Inc. (NYSE:MWW), Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), News Corporation (NASDAQ:NWSA), and Morgan Stanley (NYSE:MS).

World Wrestling Entertainment, Inc. (NYSE:WWE) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 15 cents per share, a rise of 7.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of 62 cents per share, a decline of 12.7% from last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported profit of 21 cents per share versus a mean estimate of net income of 25 cents per share. In the first quarter, the company beat estimates by one cent.  Analysts are projecting a decline of 2.6% in revenue from the year-earlier quarter to $106.7 million.

Competitors to Watch: CKX Inc. (NASDAQ:CKXE), CBS Corporation (NYSE:CBS), Time Warner Inc. (NYSE:TWX), Lions Gate Entertainment Corp. (NYSE:LGF), News Corporation (NASDAQ:NWSA), Live Nation Entertainment, Inc. (NYSE:LYV), DreamWorks Animation SKG, Inc. (NASDAQ:DWA), Madison Square Garden, Inc. (NASDAQ:MSG) and Cinedigm Digital Cinema Corp. (NASDAQ:CIDM).