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Media Stock Earnings on Aug 4: LBTYA, VIAB, LILA, AMCX
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With the earnings season past the mid-way, forecasts of a negative earnings growth still remains the primary concern though the actual results are not as dreary as the initial forecasts. The pace of the growth is improving despite the presumption of a negative earnings growth. As per the recent Earnings Preview, total S&P 500 earnings are expected to decline by 3.4% on the back of 0.4% lower revenues. Additionally, growth estimates of third-quarter 2016 are starting to lean into the negative as well. However, we anticipate a change in the last quarter of the year with expectations of growth in earnings to pick up and get even better going forward into fiscal 2017.
Let us look at some of the stocks related to the media sector that are due to report their earnings on Aug 4.
Liberty Global plc(LBTYA - Free Report) owns interests primarily in broadband distribution and content companies operating outside the continental U.S., mainly in Europe, Asia, and Latin America. The company is slated to report second-quarter 2016 results and has a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate stand at 5 cents. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions. (Read more: Will Liberty Global Disappoint Again in Q2 Earnings?)
Viacom, Inc. is a leading global entertainment content company. The company, scheduled to report third-quarter fiscal 2016 results, carries a Zacks Rank #5 (Strong Sell) and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.02. As stated earlier, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions. (Read more: Viacom: Corporate Issues to Hurt Earnings in Q3?)
Liberty LiLAC Group (LILA - Free Report) is a cable company based in the U.S. which provides video, broadband Internet, fixed-line telephony and mobile services primarily in Europe, Chile, Puerto Rico and internationally. Liberty LiLAC has a combination of Zacks Rank #3 (Hold) and an Earnings ESP of 0.00% and is set to report second-quarter 2016 results. This is because both Most Accurate estimate and the Zacks Consensus Estimate stand at 77 cents. Although Zacks Rank #3 increases the predictive power of ESP, we need a positive Earnings ESP to be confident of an earnings beat and hence Liberty LiLAC doesn’t conclusively show that it is likely to beat the Zacks Consensus Estimate this quarter.
AMC Networks Inc. (AMCX - Free Report) is engaged in producing programming and movie content. It owns and operates various cable televisions. The company is scheduled to report second-quarter 2016 results and holds a Zacks Rank #2 (Buy) and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.34. Although Zacks Rank #2 increases the predictive power of ESP, we need a positive Earnings ESP to be confident of an earnings beat and hence AMC Networks doesn’t conclusively show that it is likely to beat the Zacks Consensus Estimate this quarter. (Read more: AMC Networks Q2 Earnings: What's in the Cards?)
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Media Stock Earnings on Aug 4: LBTYA, VIAB, LILA, AMCX
With the earnings season past the mid-way, forecasts of a negative earnings growth still remains the primary concern though the actual results are not as dreary as the initial forecasts. The pace of the growth is improving despite the presumption of a negative earnings growth. As per the recent Earnings Preview, total S&P 500 earnings are expected to decline by 3.4% on the back of 0.4% lower revenues. Additionally, growth estimates of third-quarter 2016 are starting to lean into the negative as well. However, we anticipate a change in the last quarter of the year with expectations of growth in earnings to pick up and get even better going forward into fiscal 2017.
Let us look at some of the stocks related to the media sector that are due to report their earnings on Aug 4.
Liberty Global plc(LBTYA - Free Report) owns interests primarily in broadband distribution and content companies operating outside the continental U.S., mainly in Europe, Asia, and Latin America. The company is slated to report second-quarter 2016 results and has a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate stand at 5 cents. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions. (Read more: Will Liberty Global Disappoint Again in Q2 Earnings?)
LIBERTY GLBL-A Price and EPS Surprise
LIBERTY GLBL-A Price and EPS Surprise | LIBERTY GLBL-A Quote
Viacom, Inc. is a leading global entertainment content company. The company, scheduled to report third-quarter fiscal 2016 results, carries a Zacks Rank #5 (Strong Sell) and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.02. As stated earlier, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions. (Read more: Viacom: Corporate Issues to Hurt Earnings in Q3?)
VIACOM INC-B Price and EPS Surprise
VIACOM INC-B Price and EPS Surprise | VIACOM INC-B Quote
Liberty LiLAC Group (LILA - Free Report) is a cable company based in the U.S. which provides video, broadband Internet, fixed-line telephony and mobile services primarily in Europe, Chile, Puerto Rico and internationally. Liberty LiLAC has a combination of Zacks Rank #3 (Hold) and an Earnings ESP of 0.00% and is set to report second-quarter 2016 results. This is because both Most Accurate estimate and the Zacks Consensus Estimate stand at 77 cents. Although Zacks Rank #3 increases the predictive power of ESP, we need a positive Earnings ESP to be confident of an earnings beat and hence Liberty LiLAC doesn’t conclusively show that it is likely to beat the Zacks Consensus Estimate this quarter.
LIBERTY LILAC A Price and EPS Surprise
LIBERTY LILAC A Price and EPS Surprise | LIBERTY LILAC A Quote
AMC Networks Inc. (AMCX - Free Report) is engaged in producing programming and movie content. It owns and operates various cable televisions. The company is scheduled to report second-quarter 2016 results and holds a Zacks Rank #2 (Buy) and an Earnings ESP of 0.00%. This is because both Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.34. Although Zacks Rank #2 increases the predictive power of ESP, we need a positive Earnings ESP to be confident of an earnings beat and hence AMC Networks doesn’t conclusively show that it is likely to beat the Zacks Consensus Estimate this quarter. (Read more: AMC Networks Q2 Earnings: What's in the Cards?)
AMC NETWORKS- A Price and EPS Surprise
AMC NETWORKS- A Price and EPS Surprise | AMC NETWORKS- A Quote
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