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News Corp. Quarterly Earnings on Deck

S&P 500   component News Corp. will unveil its latest earnings on Wednesday, August 10, 2011. News Corp. is a global media company with operations in film, television, cable programming, satellite television, magazines and book publishing.

News Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations:  The average estimate of analysts is for net income of 30 cents per share, a rise of 66.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 29 cents. For the year, analysts are projecting profit of $1.11 per share, a rise of 15.6% from last year.

Past Earnings Performance:  The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of 26 cents per share versus a mean estimate of profit of 27 cents per share. In second quarter, the company beat estimates by one cent.

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Wall St. Revenue Expectations:  On average, analysts predict $8.44 billion in revenue this quarter, a rise of 4.1% from the year ago quarter. Analysts are forecasting total revenue of $32.87 billion for the year, a rise of 0.3% from last year’s revenue of $32.78 billion.

Analyst Ratings:  Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

A year-over-year revenue decrease in the third quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 6% in the third quarter and rose 0.9%in the second quarter, 3.2% in the first quarter and 5.7% in the fourth quarter of the last fiscal year.

Competitors to Watch:  News Corporation , The Walt Disney Company , Time Warner Inc. , The New York Times Company , Gannett Co., Inc. , CBS Corporation , The E.W. Scripps Company , Journal Communications, Inc. , and Pearson PLC .

Stock Price Performance:  During May 10, 2011 to August 10, 2011, the stock price had fallen $3.78 (-21%) from $17.79 to $14.01. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 4, 2011 when shares rose for 10-straight days, rising 7.8% (+$1.30) over that span. It saw one of its worst periods between January 4, 2011 and January 13, 2011 when shares fell for eight-straight days, falling 5.7% (-85 cents) over that span. Shares are down 55 cents (-3.78%) year to date.

(Source: Xignite Financials)

Investing Insights:  Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>