Coming Soon: CBS Earnings
Aug 2nd 2012 7:37AM
Updated Aug 2nd 2012 7:42AM
CBS (NYS: CBS) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict CBS's revenues will shrink -1.3% and EPS will improve 1.7%.
The average estimate for revenue is $3.54 billion. On the bottom line, the average EPS estimate is $0.59.
Last quarter, CBS notched revenue of $3.92 billion. GAAP reported sales were 12% higher than the prior-year quarter's $3.51 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.53. GAAP EPS of $0.54 for Q1 were 86% higher than the prior-year quarter's $0.29 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 37.3%, 210 basis points better than the prior-year quarter. Operating margin was 16.6%, 410 basis points better than the prior-year quarter. Net margin was 9.3%, 350 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $15.08 billion. The average EPS estimate is $2.49.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 314 members out of 389 rating the stock outperform, and 75 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give CBS a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CBS is outperform, with an average price target of $34.43.
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The article Coming Soon: CBS Earnings originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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