Cablevision Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cablevision (NYSE:CVC) will unveil its latest earnings on Tuesday, August 7, 2012. Cablevision Systems is a telecommunications, media, and entertainment company with a portfolio of operations in the United States.

Cablevision Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 19 cents per share, a decline of 20.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 23 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 20 cents during the last month. For the year, analysts are projecting profit of 83 cents per share, a decline of 19.4% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at net income of 21 cents per share against an estimate of profit of. The company also topped expectations in the fourth quarter of the last fiscal year.

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A Look Back: In the first quarter, profit fell 45% to $57.2 million (21 cents a share) from $104.1 million (36 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 13.7% to $1.66 billion from $1.92 billion.

Stock Price Performance: Between June 5, 2012 and August 1, 2012, the stock price had risen $3.90 (34.1%), from $11.44 to $15.34. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 3, 2012, when shares rose for seven straight days, increasing 13.6% (+$1.65) over that span. It saw one of its worst periods between May 1, 2012 and May 10, 2012 when shares fell for eight straight days, dropping 16.8% (-$2.53) over that span.

Analyst Ratings: There are mostly holds on the stock with seven of 13 analysts surveyed giving that rating.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 6.3% in the second quarter of the last fiscal year, 7.8% in third quarter of the last fiscal year and 9.5% in the fourth quarter of the last fiscal year and then fell again in the first quarter.

An income boost this time around would be welcome news after profit drops in the past three quarters. Net income fell 64.9% in the third quarter of the last fiscal year, by 46.8% in the fourth quarter of the last fiscal year and again in the first quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.86 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations.

Wall St. Revenue Expectations: On average, analysts predict $1.69 billion in revenue this quarter, no change from the year-ago quarter. Analysts are forecasting total revenue of $6.76 billion for the year, a rise of 0.9% from last year’s revenue of $6.7 billion.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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