Time Warner (NYSE: TWX ) is expected to report Q3 earnings on Nov. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Time Warner's revenues will wither -2.2% and EPS will grow 3.8%.
The average estimate for revenue is $6.92 billion. On the bottom line, the average EPS estimate is $0.82.
Last quarter, Time Warner logged revenue of $6.74 billion. GAAP reported sales were 4.1% lower than the prior-year quarter's $7.03 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.59. GAAP EPS of $0.44 for Q2 were 25% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 42.8%, 40 basis points worse than the prior-year quarter. Operating margin was 18.4%, 80 basis points worse than the prior-year quarter. Net margin was 6.4%, 270 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $29.05 billion. The average EPS estimate is $3.20.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,055 members out of 1,243 rating the stock outperform, and 188 members rating it underperform. Among 325 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 286 give Time Warner a green thumbs-up, and 39 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Time Warner is outperform, with an average price target of $42.69.
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