Cablevision Systems (NYS: CVC) is expected to report Q3 earnings around Oct. 31. 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 Cablevision Systems's revenues will grow 1.5% and EPS will grow 21.4%.
The average estimate for revenue is $1.69 billion. On the bottom line, the average EPS estimate is $0.17.
Last quarter, Cablevision Systems reported revenue of $1.70 billion. GAAP reported sales were 0.5% higher than the prior-year quarter's $1.69 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.24. GAAP EPS of $0.24 for Q2 were 20% lower than the prior-year quarter's $0.30 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 52.3%, 350 basis points worse than the prior-year quarter. Operating margin was 15.3%, 320 basis points worse than the prior-year quarter. Net margin was 3.7%, 150 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $6.76 billion. The average EPS estimate is $0.84.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 110 members out of 177 rating the stock outperform, and 67 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Cablevision Systems a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cablevision Systems is outperform, with an average price target of $15.91.
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The article Will Cablevision Systems Beat These Analyst Estimates? originally appeared on Fool.com.
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