News Corp NWSA unveils its next round of earnings this Wednesday, August 10, 2011. Get prepared with Benzinga's ultimate preview for News' fourth quarter earnings.
Earnings and Revenue:
Analysts are predicting an EPS reading of 30 cents/share and revenues of $8.44 billion. Investors will be keen to see how this quarter's numbers compare against the year-ago quarter's positive EPS of 18 cents/share on revenues of $8.11 billion. We'll have to wait for Wednesday to see if News Corp falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 | Q2 | Q1 | Q4 |
| EPS Estimate | $0.27 | $0.28 | $0.24 | $0.20 |
| EPS Actual | $0.26 | $0.29 | $0.27 | $0.18 |
Stock Performance:
As of August 4, 2011, News Corp's current share price was $14.56. Shares are up 0.4% year to date. For a full 12 months, the return has risen by 12.6%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for News Corp is a Moderate Buy. This rating has strengthened slightly over the past ninety days.
Competitors:
Want to check out the performance of News Corp's closest competitors? Take a look at some of the company's peers in the consumer discretionary sector.
- CBS CBS: Moderate Buy with a $0.58 recent quarter EPS
- Walt Disney Company DIS: Hold with a $0.49 recent quarter EPS
- Gannett GCI: Hold with a $0.58 recent quarter EPS
- Journal Communications JRN: Moderate Buy with a $0.10 recent quarter EPS
The newspaper publishing company's industry has seen price/earnings contraction of 2.5% during the current fiscal year.
Finally, a description of the company's main areas of operation: News Corp is a global media company with operations in film, television, cable programming, satellite television, magazines and book publishing.
Take Action:
There is your peek into News Corp's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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