Time Warner Cable Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Time Warner Cable Inc. (NYSE:TWC) will unveil its latest earnings on Thursday, July 28, 2011. Time Warner Cable, Inc. together with its subsidiaries is a cable operator in the U.S., with systems located mainly in New York State, the Carolinas, Ohio, southern California and Texas. Netflix, Inc. Quarterly Earnings on Deck>>

Time Warner Cable Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.15 per share, a rise of 18.6% 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 $1.14. For the year, analysts are projecting net income of $4.51 per share, a rise of 21.2% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of $1.01 per share against a mean estimate of net income of 99 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $4.93 billion in revenue this quarter, a rise of 4.2% from the year ago quarter. Analysts are forecasting total revenue of $19.67 billion for the year, a rise of 4.2% from last year’s revenue of $18.87 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 51.9% while it rose 21.7% in the fourth quarter of the last fiscal year and 34.3% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 5% to $4.83 billion in first quarter. The figure rose 5.9% in the fourth quarter of the last fiscal year from the year earlier, climbed 5.2% in the third quarter of the last fiscal year from the year-ago quarter and 5.8% in the second quarter of the last fiscal year.

Competitors to Watch: Comcast Corporation (NASDAQ:CMCSA), Cablevision Systems Corp. (NYSE:CVC), Mediacom Communications Corp. (NASDAQ:MCCC), Time Warner Inc. (NYSE:TWX), AT&T Inc. (NYSE:T), DISH Network Corp. (NASDAQ:DISH), Charter Communications, Inc. (NASDAQ:CHTR), Verizon Communications Inc. (NYSE:VZ), DIRECTV (NASDAQ:DTV), TiVo (NASDAQ:TIVO), Cablevision (NYSE:CVC), Netflix (NASDAQ:NFLX) and China Cablecom Hldgs. Ltd. (NASDAQ:CABL).

Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $4.26 (5.7%) from $74.52 to $78.78. The stock price saw one of its best stretches over the last year between January 12, 2011 and January 27, 2011 when shares rose for 11-straight days, rising 6.7% (+$4.29) over that span. It saw one of its worst periods between March 3, 2011 and March 10, 2011 when shares fell for six-straight days, falling 5.3% (-$3.83) over that span. Shares are up $13.62 (+20.9%) year to date.

(Source: Xignite Financials)

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