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.
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 $1.67, which is worse than the estimate ninety days ago.
Here’s how News has been performing on an annual basis:
|Revenue ($) 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|
News has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)