News Corp. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component News Corp. (NASDAQ:NWSA) will unveil its latest earnings on Wednesday, November 2, 2011. News Corp. is a global media company with operations in film, television, cable programming, satellite television, magazines, and book publishing.

News Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 29 cents per share, a rise of 7.4% 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. For the year, analysts are projecting net income of $1.37 per share, a rise of 20.2% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of 35 cents per share against a mean estimate of net income of 29 cents per share. In the third quarter of the last fiscal year, it missed forecasts by one cent.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $7.67 billion in revenue this quarter, a rise of 3.2% from the year ago quarter. Analysts are forecasting total revenue of $34.07 billion for the year, a rise of 2% from last year’s revenue of $33.4 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 21.9% to $683 million (26 cents a share) from $875 million (34 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 10.5% to $8.96 billion from $8.11 billion.

Key Stats:

The company has seen net income fall in each of the last two quarters. Net income dropped 23.8% in the third quarter of the last fiscal year.

Revenue rose in the fourth quarter of the last fiscal year after seeing a drop the quarter before. In the third quarter of the last fiscal year, revenue fell 6%.

Competitors to Watch: News Corporation (NASDAQ:NWS), The Walt Disney Company (NYSE:DIS), Time Warner Inc. (NYSE:TWX), The New York Times Company (NYSE:NYT), Gannett Co., Inc. (NYSE:GCI), CBS Corporation (NYSE:CBS), The E.W. Scripps Company (NYSE:SSP), Journal Communications, Inc. (NYSE:JRN), and Pearson PLC (NYSE:PSO).

Stock Price Performance: During August 3, 2011 to October 27, 2011, the stock price had risen $2.32 (14.9%) from $15.52 to $17.84. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 4, 2011 when shares rose for 10-straight days, rising 7.8% (+$1.29) over that span. It saw one of its worst periods between January 4, 2011 and January 13, 2011 when shares fell for eight-straight days, falling 5.8% (-86 cents) over that span. Shares are up $3.43 (+23.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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