Time Warner Earnings Preview: Analysts Expect Rising Revenue

Time Warner TWX announces its next round of earnings this Wednesday, August 3, 2011.Get prepared with Benzinga's ultimate preview for Time Warner's second quarter earnings.

Earnings and Revenue:

Wall Street expects a EPS of 56 cents per share and revenues of $6.81 billion. Investors will be keen to see how this quarter's numbers stack up against the year-ago quarter's positive EPS of 50 cents per share on revenues of $6.38 billion. We'll have to wait for Wednesday to see if Time Warner 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:

Stock Performance:

Shares of Time Warner were trading at $35.76 as of July 28, 2011. Since January 1st, shares of Time Warner have given investors a return of 12.6%. For a full 12 months, the return has risen by 21.8%. 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 Time Warner is a Moderate Buy. The strength of this rating has crept upwards over the past three months.

Competitors:

Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Time Warner's peers.

• CBS CBS: Moderate Buy with a $0.29 recent quarter EPS
• Comcast CMCSA: Moderate Buy with a $0.36 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

The media conglomerate company's industry has seen price/earnings growth of 1.9% during the current fiscal year.

Finally, a description of the company's main areas of operation: Time Warner is a media and entertainment company with businesses such as: interactive services, filmed entertainment, cable systems, television networks and publishing.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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