S&P 500 (NYSE:SPY) component The DIRECTV Group, Inc. (NASDAQ:DTV) will unveil its latest earnings on Thursday, August 4, 2011. DIRECTV acquires and distributes digital entertainment programming in the U.S. and Latin America. .
The DIRECTV Group, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 85 cents per share, a rise of 41.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 83 cents. For the year, analysts are projecting net income of $3.29 per share, a rise of 32.7% from last year.
Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 11 cents, reporting profit of 82 cents per share against a mean estimate of net income of 71 cents. In the fourth quarter of the last fiscal year, the company exceeded forecasts by 12 cents with profit of 74 cents versus a mean estimate of net income of 62 cents.
Wall St. Revenue Expectations: On average, analysts predict $6.54 billion in revenue this quarter, a rise of 11.8% from the year ago quarter. Analysts are forecasting total revenue of $26.82 billion for the year, a rise of 11.3% from last year’s revenue of $24.1 billion.
Analyst Ratings: 14 out of 23 analysts surveyed (60.9%) have a buy rating on DIRECTV Group.. This is below the mean analyst rating of nine competitors, which average 62.6% buy ratings.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 11.4%, with the biggest boost coming in the most recent quarter when revenue rose 12.7% from the year earlier quarter.
Competitors to Watch: DISH Network Corp. (NASDAQ:DISH), Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable Inc. (NYSE:TWC), Grupo Televisa, S.A. (NYSE:TV), Cablevision Systems Corp. (NYSE:CVC), Hughes Communications Inc. (NASDAQ:HUGH), Fisher Communications, Inc. (NASDAQ:FSCI), Liberty Global Inc. (NASDAQ:LBTYA), and Mediacom Communications Corp. (NASDAQ:MCCC).
Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had risen $2.18 (4.5%) from $48.50 to $50.68. The stock price saw one of its best stretches over the last year between August 30, 2010 and September 17, 2010 when shares rose for 14-straight days, rising 10.2% (+$3.87) over that span. It saw one of its worst periods between November 30, 2010 and December 7, 2010 when shares fell for six-straight days, falling 5.1% (-$2.12) over that span. Shares are up $10.75 (+26.9%) year to date.
(Source: Xignite Financials)