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Viacom Fourth Quarter Earnings Preview
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Viacom (Nasdaq:VIAB) is expected to report increased earnings when it releases its fourth quarter results on Thursday, November 15, 2012. The consensus estimate is anticipating a profit of $1.17 a share, an increase from last year's $1.06 per share.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: How To Decode A Company's Earnings Reports
What to Expect: Viacom is expected to report $1.17 per share, up 10.4% from a year ago when the company reported earnings of $1.06 per share.
While down from $1.19 three months ago, the consensus estimate has remained unchanged over the past 30 days. For the fiscal year, analysts are expecting earnings of $4.18 per share.
Viacom is expected to report revenue of $3.4 billion for the quarter, down by 16.1% from last year's figure of $4.05 billion. Viacom is expected to report revenue of $13.97 billion for the fiscal year.
Company Performance: In the third quarter, Viacom broke a three-quarter growth streak with a year-over-year decline in revenue. It fell 13.9% in the third quarter after rising 2%in the second quarter, 3.2% in the first quarter and 24.7% in the fourth quarter of the last fiscal year.
The company's earnings have been rising for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 47%.
P/E ratio for VIAB is 14.2. The price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Investment Valuation Ratios: Price/Earnings Ratio
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: How To Decode A Company's Earnings Reports
What to Expect: Viacom is expected to report $1.17 per share, up 10.4% from a year ago when the company reported earnings of $1.06 per share.
While down from $1.19 three months ago, the consensus estimate has remained unchanged over the past 30 days. For the fiscal year, analysts are expecting earnings of $4.18 per share.
Viacom is expected to report revenue of $3.4 billion for the quarter, down by 16.1% from last year's figure of $4.05 billion. Viacom is expected to report revenue of $13.97 billion for the fiscal year.
Company Performance: In the third quarter, Viacom broke a three-quarter growth streak with a year-over-year decline in revenue. It fell 13.9% in the third quarter after rising 2%in the second quarter, 3.2% in the first quarter and 24.7% in the fourth quarter of the last fiscal year.
The company's earnings have been rising for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 47%.
P/E ratio for VIAB is 14.2. The price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Investment Valuation Ratios: Price/Earnings Ratio
by
Investopedia Staff
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