Shaw Communications (NYSE: SJR) is expected to report Q3 earnings on June 28. 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 Shaw Communications' revenues will grow 1.7% and EPS will contract -16.0%.
The average estimate for revenue is $1.27 billion. On the bottom line, the average EPS estimate is $0.42.
Revenue details
Last quarter, Shaw Communications logged revenue of $1.20 billion. GAAP reported sales were 1.6% higher than the prior-year quarter's $1.23 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.37. GAAP EPS of $0.38 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 35.4%, 260 basis points worse than the prior-year quarter. Operating margin was 23.2%, 300 basis points worse than the prior-year quarter. Net margin was 13.7%, 10 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $4.89 billion. The average EPS estimate is $1.48.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 120 members out of 128 rating the stock outperform, and eight members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Shaw Communications a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shaw Communications is hold, with an average price target of $21.00.
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