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Cablevision Systems Corp Fourth Quarter Earnings Sneak Peek

S&P 500 component Cablevision Systems Corporation will unveil its latest earnings on Tuesday, February 28, 2012. Cablevision Systems is a telecommunications, media, and entertainment company with a portfolio of operations in the United States.

Cablevision Systems Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 25 cents per share, a decline of 34.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 26 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 17.4% versus last year to $1.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 15 cents, reporting net income of of 17 cents per share against a mean estimate of profit of 32 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.68 billion in revenue this quarter, a decline of 10.2% from the year-ago quarter. Analysts are forecasting total revenue of $6.76 billion for the year, a decline of 6.5% from last year’s revenue of $7.23 billion.

Analyst Ratings:

A Look Back: In the third quarter, profit fell 64.9% to $39.3 million (14 cents a share) from $112.1 million (37 cents a share) the year earlier, missing analyst expectations. Revenue fell 7.8% to $1.67 billion from $1.81 billion.

Key Stats:

The decrease in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 44.3% in the second quarter, 40.3% in the first quarter and 45.2% in the fourth quarter of the last fiscal year.

Revenue has dropped in the last two quarters. In the second quarter, the figure fell 6.3%.

Stock Price Performance: From January 24, 2012 to February 22, 2012, the stock price rose 91 cents (6.4%), from $14.16 to $15.07. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 13.7% (+$3.26) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight days, dropping 11.4% (-$2.92) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com