Shares of These Media Giants are in High Demand Before Earnings

News Corp. (NASDAQ:NWSA) will unveil its latest earnings on Wednesday, November 2, 2011. 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.

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. 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.

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).

Time Warner, Inc. (NYSE:TWX) will unveil its latest earnings on Wednesday, November 2, 2011. The average estimate of analysts is for net income of 75 cents per share, a rise of 21% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 80 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 75 cents during the last month. For the year, analysts are projecting profit of $2.78 per share, a rise of 15.4% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of 60 cents per share against a mean estimate of profit of 56 cents per share. Analysts are projecting a rise of 9.2% in revenue from the year-earlier quarter to $6.97 billion.

Competitors to Watch: News Corporation (NASDAQ:NWSA), The Walt Disney Company (NYSE:DIS), CBS Corporation (NYSE:CBS), Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable Inc. (NYSE:TWC), Sony Corporation (NYSE:SNE), Liberty Global Inc. (NASDAQ:LBTYA), Gannett Co., Inc. (NYSE:GCI), Yahoo! (NASDAQ:YHOO), Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG), InterActive Corp (NASDAQ:IACI), Netflix (NASDAQ:NFLX), TiVo (NASDAQ:TIVO) and Liberty Media Corp (NASDAQ:LSTZA).

AOL (NYSE:AOL) will unveil its latest earnings on Wednesday, November 2, 2011. The average estimate of analysts is for net loss of 7 cents per share, a swing from profit of 79 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 16 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 7 cents during the last month. For the year, analysts are projecting net income of 5 cents per share, a decline of 98.5% from last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported a loss of 4 cents per share versus a mean estimate of profit of one cent per share. In the first quarter, the company beat estimates by 2 cents.Analysts are projecting a decline of 7% in revenue from the year-earlier quarter to $524 million.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), Microsoft Corporation (NASDAQ:MSFT), IAC/InterActiveCorp (NASDAQ:IACI), Demand Media Inc (NYSE:DMD), News Corporation (NASDAQ:NWSA), The New York Times Company (NYSE:NYT), CBS Corporation (NYSE:CBS), and Baidu.com, Inc. (NASDAQ:BIDU).

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