News Corp. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component News Corp. (NASDAQ:NWSA) will unveil its latest earnings on Wednesday, February 8, 2012. 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 net income of 34 cents per share, a rise of 17.2% 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 21.1% versus last year to $1.38.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 32 cents per share against a mean estimate of net income of 29 cents, and the quarter before, the company exceeded forecasts by 6 cents with profit of 35 cents versus a mean estimate of net income of 29 cents.

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Wall St. Revenue Expectations: On average, analysts predict $8.94 billion in revenue this quarter, a rise of 2.1% from the year ago quarter. Analysts are forecasting total revenue of $34.18 billion for the year, a rise of 2.3% from last year’s revenue of $33.4 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the first quarter, profit fell 4.8% to $738 million (28 cents a share) from $775 million (30 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 7.2% to $7.96 billion from $7.43 billion.

Key Stats:

The company has seen net income fall in each of the last three quarters. Net income fell 21.9% in the fourth quarter of the last fiscal year and 23.8% in the third quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the fourth quarter of the last fiscal year, the figure rose 10.5%.

Stock Price Performance: During November 4, 2011 to February 2, 2012, the stock price had risen $2.14 (12.7%) from $16.80 to $18.94. 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 December 9, 2011 and December 19, 2011 when shares fell for seven-straight days, falling 4.6% (-81 cents) 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