Cablevision Systems Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cablevision Systems Corporation (NYSE:CVC) will unveil its latest earnings on Tuesday, August 9, 2011. Cablevision Systems Corporation is a telecommunications, media and entertainment company with a portfolio of operations in the United States.

Cablevision Systems Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 45 cents per share, a decline of 6.2% 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 50 cents. Between one and three months ago, the average estimate moved down and dropped from 48 cents during the last month. For the year, analysts are projecting net income of $1.62 per share, a rise of 33.9% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 38 cents per share versus a mean estimate of net income of 42 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.87 billion in revenue this quarter, a rise of 3.9% from the year ago quarter. Analysts are forecasting total revenue of $7.12 billion for the year, a decline of 1.5% from last year’s revenue of $7.23 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, two rating it as a sell and four rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 40.3% while it rose 45.2% in the fourth quarter of the last fiscal year and 13.3% in the third quarter of the last fiscal year.

A year-over-year revenue increase in the first quarter snaps a streak of three consecutive quarters of revenue declines. Revenue rose 9.7% in the first quarter and fell 12.9% in the fourth quarter of the last fiscal year, 1.8% in the third quarter of the last fiscal year and 3.9% in the second quarter of the last fiscal year.

Competitors to Watch: Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable Inc. (NYSE:TWC), Mediacom Communications Corp. (NASDAQ:MCCC), Time Warner Inc. (NYSE:TWX), Charter Communications, Inc. (NASDAQ:CHTR), DISH Network Corp. (NASDAQ:DISH), The Walt Disney Company (NYSE:DIS), Liberty Global Inc. (NASDAQ:LBTYA), and China Cablecom Hldgs. Ltd. (NASDAQ:CABL).

Stock Price Performance: During July 6, 2011 to August 3, 2011, the stock price had dropped $4.26 (-15.6%) from $27.36 to $23.10. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 10, 2010 when shares rose for 10-straight days, rising 13.1% (+$2.41) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 11.4% (-$2.97) over that span. Shares are down 39 cents (-1.7%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>