Lions Gate Entertainment Corp. First Quarter Earnings Sneak Peek

Lions Gate Entertainment Corp. (NYSE:LGF) will unveil its latest earnings on Monday, August 8, 2011. Lions Gate Entertainment Corp. is engaged in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content.

Lions Gate Entertainment Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 6 cents per share, a narrower loss from the year earlier quarter net loss of 54 cents. During the past three months, the average estimate has moved up from a loss of 9 cents. Between one and three months ago, the average estimate moved up, but has dropped from a loss of 5 cents during the last month. For the year, analysts are projecting profit of 12 cents per share, a swing from net loss of 38 cents last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of 26 cents per share versus a mean estimate of profit of 17 cents per share. In the third quarter of the last fiscal year, the company missed estimates by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $319.9 million in revenue this quarter, a decline of 2% from the year ago quarter. Analysts are forecasting total revenue of $1.64 billion for the year, a rise of 3.8% from last year’s revenue of $1.58 billion.

Analyst Ratings: Analysts are bullish on Lions Gate Entertainment Corp. (USA as four analysts rate it as a buy, one rates it as a sell and five rate it as a hold.

Key Stats:

Lions Gate Entertainment Corp. (USA’s profit in the latest quarter follows losses in the three previous quarters. The company reported a profit of $46.1 million in the fourth quarter of the last fiscal year, a loss of $6 million in the third quarter of the last fiscal year, a loss of $29.7 million in the second of the last fiscal year and a loss of $64.1 million in the first quarter of the last fiscal year.

A year-over-year revenue decrease in the fourth quarter of the last fiscal year snaps a streak of two consecutive quarters of revenue increases. Revenue fell 12.5% in the fourth quarter of the last fiscal year and rose 13.8% in the third quarter of the last fiscal year and 15.9% in the second quarter of the last fiscal year.

Competitors to Watch: DreamWorks Animation SKG, Inc. (NASDAQ:DWA), The Walt Disney Company (NYSE:DIS), Rentrak Corporation (NASDAQ:RENT), Time Warner Inc. (NYSE:TWX), Seven Arts Pictures PLC (NASDAQ:SAPX), CKX Inc. (NASDAQ:CKXE), News Corporation (NASDAQ:NWSA), Image Entertainment, Inc. (DISK), and Sony Corporation (NYSE:SNE).

Stock Price Performance: During June 6, 2011 to August 2, 2011, the stock price had risen $1.01 (17.1%) from $5.92 to $6.93. The stock price saw one of its best stretches over the last year between March 31, 2011 and April 7, 2011 when shares rose for six-straight days, rising 7.5% (+47 cents) over that span. It saw one of its worst periods between January 14, 2011 and January 25, 2011 when shares fell for seven-straight days, falling 8.8% (-59 cents) over that span. Shares are up 42 cents (+6.5%) year to date.

(Source: Xignite Financials)

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