Time Warner Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Time Warner, Inc. (NYSE:TWX) will unveil its latest earnings on Wednesday, November 2, 2011. Time Warner is a media and entertainment company.

Time Warner, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: 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.

Past Earnings Performance: 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.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 9.2% in revenue from the year-earlier quarter to $6.97 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the second quarter, profit rose 13.5% to $638 million (59 cents a share) from $562 million (49 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 10.2% to $7.03 billion from $6.38 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 5.7% in the first quarter from the year earlier and 59.6% in the fourth quarter of the last fiscal year.

The increase in profit in the second quarter came after net income fell in the previous quarter. In the first quarter, net income fell 9.9%.

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).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen $5.10 (16.6%) from $30.70 to $35.80. The stock price saw one of its best stretches over the last year between December 29, 2010 and January 7, 2011 when shares rose for eight-straight days, rising 4.1% (+$1.28) over that span. It saw one of its worst periods between July 25, 2011 and August 8, 2011 when shares fell for 11-straight days, falling 18.5% (-$6.75) over that span. Shares are up $4.29 (+13.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.