CBS Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CBS Corp (NYSE:CBS) will unveil its latest earnings on Wednesday, February 15, 2012. CBS is a mass media company with operations in entertainment, cable networks, publishing, local broadcasting, and radio.

CBS Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 53 cents per share, a rise of 15.2% 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. Analysts are projecting profit to rise by 68.7% versus last year to $1.89.

Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at profit of 50 cents a share versus the estimate of net income of 46 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 0.3% in revenue from the year-earlier quarter to $3.91 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 17 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit rose 6.5% to $338 million (50 cents a share) from $317.3 million (46 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 2% to $3.37 billion from $3.3 billion.

Key Stats:

The company has seen increasing revenue for two quarters in a row. In the second quarter, the figure rose 7.7%.

Stock Price Performance: Between November 11, 2011 and February 9, 2012, the stock price rose $3.62 (13.8%), from $26.15 to $29.77. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight days, dropping 11% (-$3.23) over that span. The stock price saw one of its best stretches over the last year between June 22, 2011 and July 5, 2011, when shares rose for nine straight days, increasing 7.2% (+$1.90) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com