S&P 500 (NYSE:SPY) component CBS Corp (NYSE:CBS) will unveil its latest earnings on Tuesday, August 2, 2011. CBS Corporation 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 45 cents per share, a rise of 80% 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 39 cents. Between one and three months ago, the average estimate moved up, and has risen from 44 cents during the last month. For the year, analysts are projecting profit of $1.70 per share, a rise of 51.8% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 10 cents, reporting net income of 29 cents per share against a mean estimate of profit of 19 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $3.56 billion in revenue this quarter, a rise of 6.9% from the year ago quarter. Analysts are forecasting total revenue of $14.58 billion for the year, a rise of 3.7% from last year’s revenue of $14.06 billion.
Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.
Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 0.6% to $3.51 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 11.5%.
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), Radio One, Inc. (NASDAQ:ROIAK), Entercom Communications Corp. (NYSE:ETM), and Entravision Communication (NYSE:EVC).
Stock Price Performance: During April 29, 2011 to July 26, 2011, the stock price had risen $3.67 (14.6%) from $25.13 to $28.80. 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, rising 7.2% (+$1.91) over that span. It saw one of its worst periods between May 19, 2011 and May 25, 2011 when shares fell for five-straight days, falling 3.8% (-$1.03) over that span. Shares are up $9.86 (+52.1%) year to date.
(Source: Xignite Financials)