Cablevision Systems Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cablevision Systems Corporation (NYSE:CVC) will unveil its latest earnings on Friday, October 28, 2011. Cablevision Systems 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 net income of 32 cents per share, a decline of 13.5% 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 39 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 33 cents during the last month. For the year, analysts are projecting profit of $1.26 per share, a rise of 4.1% from last year.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 21 cents, reporting net income of of 24 cents per share against a mean estimate of profit of 45 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 7.7% in revenue from the year-earlier quarter to $1.67 billion.

Analyst Ratings: seven out of 13 analysts surveyed (53.8%) have a buy rating on Cablevision Systems.. This is below the mean analyst rating of nine competitors, which average 63.1% buy ratings.

A Look Back: In the second quarter, profit rose 44.3% to $87.8 million (31 cents a share) from $60.9 million (20 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 6.3% to $1.69 billion from $1.8 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 40.3% in the first quarter and 45.2% in the fourth quarter of the last fiscal year.

Revenue fell in the second quarter after seeing a rise the quarter before. In the first quarter, revenue rose 9.7%.

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), DirecTV (NASDAQ:DTV), TiVo (NASDAQ:TIVO), Netflix (NASDAQ:NFLX), The Walt Disney Company (NYSE:DIS), Liberty Global Inc. (NASDAQ:LBTYA), and China Cablecom Hldgs. Ltd. (NASDAQ:CABL).

Stock Price Performance: During July 29, 2011 to October 24, 2011, the stock price had fallen $6.09 (-25.2%) from $24.16 to $18.07. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 13.7% (+$3.29) 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% (-$2.94) over that span. Shares are down $5.24 (-22.5%) year to date.

(Source: Xignite Financials)

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