Disney (DIS) is expected to report strong 4Q06 earnings to wrap up its fourth consecutive year of double digit EPS growth. EPS are expected at 33 cents on revenues of $8.69 billion. The EPS comparison would represent growth of 43% against an easy comparison a year ago when $300 million in losses were recognized at […]
I see little impact from Q06 results from Cablevision (CVC), either on CVC or on the broader cable industry. The company’s results were very close to consensus estimates with revenues rising 13% and EBITDA rising 16%. Subscriber metrics look a little below expectations for high speed data and digital TV but analysts didn’t seem too […]
Tomorrow, I expect Central European Media Enterprises (CETV) to report another strong quarter in its seasonally weak 3Q. Romania and Ukraine will again be the growth engines but the big story will be the turnaround at TV Nova in the Czech Republic. In 1H06, CETV reset expectations and initiated a new strategy at Nova designed […]
CBS Corporation (CBS) reported 3Q EPS that mostly matched street expectations. EPS of 42 cents were 2 cents above consensus but revenues of $3.38 billion fell about $50 million short of estimates. EBITDA results were favorable, up 3%, a little ahead of expectations for a 1% gain. With revenues short of expectations and EBITDA above, […]
Time Warner (TWX) reported 3Q06 results that were largely inline with consensus estimates. The shares initially traded down about 2% on a sell the news reaction with investors likely focusing on slightly lower than expected segment results at the company’s Cable business. Cable is the largest division by far and the only one with a […]
I haven’t written much about Lionsgate (LGF) since my ill-timed sale this spring when the shares were 25% lower. Obviously, I am annoyed at the poor timing of my sale but I still don’t trust (or maybe don’t understand) the numbers that are flowing the company’s income statement, balance sheet, and cash flow statement. Anyhow, […]
Regal Entertainment (RGC) reported better-than-expected third-quarter 2006 earnings. Revenue of $675 million rose 7.5% ahead of the consensus estimate of $650 million. Good performance on expenses allowed the incremental revenue to flow through the income statement as adjusted earnings before interest, tax, debt and amortization rose 14%. EPS came in at 20 cents, ahead of […]
Newspaper stocks rose strongly yesterday after the Wall Street Journal reported that private equity groups were showing an active interest in Tribune (TRB). On its earnings call last week, TRB reiterated that it hoped to have the strategic review complete by the end of 2006. The Journal is reporting that TRB prefers to sell itself […]
Yesterday my colleagues at theStreet.com, Jim Cramer and Cody Willard wrote opposing opinions about the attractiveness of investing n cable stocks. I have been bullish on cable and Cramer even mentioned me as the lonely bull recently on his Mad Money show on CNBC. Cody is a good friend and we have debated this topic […]
The weekend box office for the top twelve movies was up 26% vs. last year according to BoxOfficeMojo.com. That makes it four for four so far in October, with the total box office running about 13% ahead of 2005 for the month. The Prestige, from Disney (DIS), led the way with a better than expected […]
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