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What's in the Cards for Grupo Televisa (TV) in Q3 Earnings?
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Mexican pay-TV and broadcasting behemoth, Grupo Televisa S.A.B. (TV - Free Report) is slated to report third-quarter 2016 results, after market close on Oct 27.
The company reported a positive average surprise of 41.82% for the previous four quarters. Let’s see how things are shaping up for this announcement.
Factors at Play
Televisa currently dominates approximately 70% of the Mexican broadcasting and pay-TV market. Meanwhile, Mexican telecom regulator IFT intends to restrict the maximum hold of a company in a market to 50%. However, Televisa has received a go-ahead from the IFT to enter the wireless space and the company is yet to take any decision in this regard. Further, intensifying competition in its core pay-TV market and higher expenditure associated with plans for gaining new customers can dent margins.
Recently, Televisa declared that it has signed content distribution deals with NBCUniversal International Distribution and its Spanish-language unit – Telemundo – for Mexico and Latin America customers. This deal should help Televisa extend its existing contract for free-to-air television and includes a pack of movies for pay TV channels Golden Premier and Golden (Televisa Networks) and content for its streaming video platform Blim, which competes with the likes of Netflix Inc. (NFLX - Free Report) .
However, Mexican cable TV operatorMegacable recently announced that it has decided not to telecast 6 Grupo Televisa channels post the termination of its contract with the latter.
Earnings Whispers
Our proven model does not conclusively show that Televisa is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here as elaborated below.
Zacks ESP: Televisa has an earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 20 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: Televisa has a Zacks Rank #4 (Sell). Please 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 momentum.
Here are some companies that have the right combination of elements to post an earnings beat this quarter.
Apple Inc. (AAPL - Free Report) , with an earnings ESP of +1.21% and a Zacks Rank #2.The company’s earnings surpassed the Zacks Consensus Estimate in three of the previous four quarters.
Yahoo! Inc. , with an earnings ESP of +7.69% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. The company’s earnings surpassed the Zacks Consensus Estimate in two of the previous four quarters.
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What's in the Cards for Grupo Televisa (TV) in Q3 Earnings?
Mexican pay-TV and broadcasting behemoth, Grupo Televisa S.A.B. (TV - Free Report) is slated to report third-quarter 2016 results, after market close on Oct 27.
The company reported a positive average surprise of 41.82% for the previous four quarters. Let’s see how things are shaping up for this announcement.
Factors at Play
Televisa currently dominates approximately 70% of the Mexican broadcasting and pay-TV market. Meanwhile, Mexican telecom regulator IFT intends to restrict the maximum hold of a company in a market to 50%. However, Televisa has received a go-ahead from the IFT to enter the wireless space and the company is yet to take any decision in this regard. Further, intensifying competition in its core pay-TV market and higher expenditure associated with plans for gaining new customers can dent margins.
Recently, Televisa declared that it has signed content distribution deals with NBCUniversal International Distribution and its Spanish-language unit – Telemundo – for Mexico and Latin America customers. This deal should help Televisa extend its existing contract for free-to-air television and includes a pack of movies for pay TV channels Golden Premier and Golden (Televisa Networks) and content for its streaming video platform Blim, which competes with the likes of Netflix Inc. (NFLX - Free Report) .
However, Mexican cable TV operatorMegacable recently announced that it has decided not to telecast 6 Grupo Televisa channels post the termination of its contract with the latter.
Earnings Whispers
Our proven model does not conclusively show that Televisa is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here as elaborated below.
Zacks ESP: Televisa has an earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 20 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: Televisa has a Zacks Rank #4 (Sell). Please 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 momentum.
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Stocks to Consider
Here are some companies that have the right combination of elements to post an earnings beat this quarter.
Apple Inc. (AAPL - Free Report) , with an earnings ESP of +1.21% and a Zacks Rank #2.The company’s earnings surpassed the Zacks Consensus Estimate in three of the previous four quarters.
Yahoo! Inc. , with an earnings ESP of +7.69% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. The company’s earnings surpassed the Zacks Consensus Estimate in two of the previous four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>