Time Warner Cable Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Time Warner Cable, Inc. (NYSE:TWC) will unveil its latest earnings on Thursday, October 27, 2011. Time Warner Cable, together with its subsidiaries, is a cable operator in the United States.

Time Warner Cable, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.14 per share, a rise of 18.7% 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 $1.18. Between one and three months ago, the average estimate moved down. It also has dropped from $1.15 during the last month. For the year, analysts are projecting profit of $4.56 per share, a rise of 22.6% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of $1.18 per share against the mean estimate of $1.15. In the prior quarter, the company reported profit of $1.01.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.7% in revenue from the year-earlier quarter to $4.95 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the second quarter, profit rose 22.8% to $420 million ($1.24 a share) from $342 million (95 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.4% to $4.94 billion from $4.73 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 51.9% in the first quarter and 21.7% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 5% in the first quarter from the year earlier, climbed 5.9% in the fourth quarter of the last fiscal year from the year-ago quarter and 5.2% in the third 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), and China Cablecom Hldgs. Ltd. (NASDAQ:CABL).

Stock Price Performance: During August 25, 2011 to October 21, 2011, the stock price had risen $8.72 (14%) from $62.15 to $70.87. 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% (+$4.25) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10-straight days, falling 14.8% (-$11.60) over that span. Shares are up $6.20 (+9.6%) year to date.

(Source: Xignite Financials)

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