You must count on CBS Corporation , as it appears promising on the back of its growth catalysts as well as stellar top- and bottom-line performance. Also, this Zacks Rank #2 (Buy) stock has exhibited a bullish run in the index. Its shares have surged 39.6% in the past one year, notably outperforming the Zacks categorized Broadcasting-Radio/TV industry’s rise of 9%. Moreover, it hit a 52-week high of $65.09 yesterday and its earnings are expected to grow by 13.7% in the next three–five years.
CBS Corp. focuses on increasing its subscription-based revenues, which is likely to drive long-term growth. In addition, the company has an extensive library of premium content that it monetizes over multiple platforms. Evidently, it had launched over-the-top (OTT) services, namely CBS All Access and CBSN, alongside launching an independent streaming service for its premier channel, Showtime. The company also boasts several new prime time shows as well as reruns of hit series along with NFL on Thursdays and Sundays.
Alongside, the company came up with a new commercial-free subscription for its OTT services. The content will include the entire current seasons of primetime hits and the subscribers can view on-demand from the library of over 7,500 episodes. Further, the Star Trek series will also be launched on CBS Television Network after a special broadcast preview. All these moves are likely to enhance customers’ viewing experience. This apart, management stated earlier that retransmission consent and reverse compensation are likely to exceed $2 billion in 2020.
Now, throwing light upon its financial performances, CBS Corp. has continued with its positive earnings surprise streak for the seventh straight quarter and also topped the revenue estimate for the fourth quarter in row, as it posted third-quarter 2016 results.
Going forward, management expects revenues to increase further with 21% of retransmission and 14% of reverse compensation set for renewal.
Other Stocks You May Consider
Other favorably-ranked stocks in the same industry include Entercom Communications Corp. , Central European Media Enterprises Ltd. and NTN Buzztime, Inc. .
Entercom Communications has increased 21.3% in the past three months and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Central European Media Enterprises Ltd., which carries a Zacks Rank #2 has surged 25% in the past six months.
NTN Buzztime, a Zacks Rank #2 stock, has a long-term earnings growth rate of 20%. Also, it has gained 35% in the past three months.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Can CBS Corp.'s Efforts Help to Maintain Growth in 2017?
You must count on CBS Corporation , as it appears promising on the back of its growth catalysts as well as stellar top- and bottom-line performance. Also, this Zacks Rank #2 (Buy) stock has exhibited a bullish run in the index. Its shares have surged 39.6% in the past one year, notably outperforming the Zacks categorized Broadcasting-Radio/TV industry’s rise of 9%. Moreover, it hit a 52-week high of $65.09 yesterday and its earnings are expected to grow by 13.7% in the next three–five years.
CBS Corp. focuses on increasing its subscription-based revenues, which is likely to drive long-term growth. In addition, the company has an extensive library of premium content that it monetizes over multiple platforms. Evidently, it had launched over-the-top (OTT) services, namely CBS All Access and CBSN, alongside launching an independent streaming service for its premier channel, Showtime. The company also boasts several new prime time shows as well as reruns of hit series along with NFL on Thursdays and Sundays.
Alongside, the company came up with a new commercial-free subscription for its OTT services. The content will include the entire current seasons of primetime hits and the subscribers can view on-demand from the library of over 7,500 episodes. Further, the Star Trek series will also be launched on CBS Television Network after a special broadcast preview. All these moves are likely to enhance customers’ viewing experience. This apart, management stated earlier that retransmission consent and reverse compensation are likely to exceed $2 billion in 2020.
Now, throwing light upon its financial performances, CBS Corp. has continued with its positive earnings surprise streak for the seventh straight quarter and also topped the revenue estimate for the fourth quarter in row, as it posted third-quarter 2016 results.
CBS CORP Price and Consensus
CBS CORP Price and Consensus | CBS CORP Quote
Going forward, management expects revenues to increase further with 21% of retransmission and 14% of reverse compensation set for renewal.
Other Stocks You May Consider
Other favorably-ranked stocks in the same industry include Entercom Communications Corp. , Central European Media Enterprises Ltd. and NTN Buzztime, Inc. .
Entercom Communications has increased 21.3% in the past three months and sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Central European Media Enterprises Ltd., which carries a Zacks Rank #2 has surged 25% in the past six months.
NTN Buzztime, a Zacks Rank #2 stock, has a long-term earnings growth rate of 20%. Also, it has gained 35% in the past three months.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>