News Earnings Preview: Get Ahead of the Analysts

News (NASDAQ:NWSA) will report earnings after markets close on Wednesday, May 8th. News Corporation is a diversified global media company. The Company’s operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts.

Here is your Cheat Sheet to News Earnings:

Earnings Expectations: Analysts expect earnings of $0.36 per share on revenues of $9.08 billion. Currently, the company’s P/E ratio stands at 18.66.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.44 and has not changed. For the current year, the average estimate is a profit of $1.67, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how News has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 33,000 30,420 32,780 6,597 6,791
Diluted EPS ($) 1.81 -1.29 0.97 0.459 0.522

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 8,975 8,402 -18,540 8,136 9,425
Diluted EPS ($) 0.42 0.38 -0.558 0.94 1.01

Past Performance:
News has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]