News Corp earning estimates report may 9 2012

News Corp earning estimates report may 9 2012, News Corp stock price target bu rating, reports its third quarter earnings on Wednesday, May 9, 2012, News Corp (NASDAQ:NWSA) shares were trading at $19.18 while reporting down 2.69% from yesterdays close. The 26 analysts offering 12-month price forecasts for News Corp have a median target of 23.00, with a high estimate of 27.00 and a low estimate of 18.70.

Wall Street is high on News Corp. (NWSA), expecting it to report earnings that are up 19.2% from a year ago when it reports its third quarter earnings on Wednesday, May 9, 2012. The consensus estimate is 31 cents per share, up from earnings of 26 cents per share a year ago.

What to Expect:
The consensus estimate hasn’t changed over the past month, but it’s down from three months ago when it was 33 cents. Analysts are projecting earnings of $1.37 per share for the fiscal year.

A year after being $8.26 billion, analysts expect revenue to fall 0.2% year-over-year to $8.24 billion for the quarter. For the year, revenue is expected to come in at $34 billion.

Trends to Watch For:
The second quarter’s profit growth came after a three-quarter streak of year-over-year profit declines. In the most recent quarter, profit increased by 64.6% year-over-year. Looking back further, profit dropped 4.8% in the first quarter, 21.9% in the fourth quarter of the last fiscal year and 23.8% in the third quarter of the last fiscal year.

Revenue has climbed for three consecutive quarters. The 2.4% revenue increase brought the figure up to $8.97 billion in the most recent quarter. Looking back further, revenue increased 7.2% in the first quarter from the year earlier and 10.5% in the fourth quarter of the last fiscal year.

Analyst Ratings:
The majority of analysts (61.9%) rate News as a buy. This compares favorably to the analyst ratings of its nearest nine competitors, which average 57.5% buys. Analyst sentiment has improved recently, as the number of buy ratings has risen slightly over the past three months.

Competitors:
News Corp. is a global media company with operations engaged in producing, acquiring, and licensing various operations in film, television, cable network programming, direct broadcast satellite TV, integrated marketing services, newspapers, magazines and books publishing. One of News’ main competitors in the media industry, Walt Disney (DIS), will report earnings on May 8, 2012. Other competitors in the consumer discretionary sector include: The New York Times Company (NYT), and Gannett (GCI).

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