Shaw Communications Earnings Preview

Canadian telecom giant Shaw Communications (NYSE: SJR) is slated to report fiscal first-quarter earnings before the bell today and analysts are expecting a profit of 46 cents a share on revenue of $1.29 billion. EPS estimates range from 37 cents to 51 cents and revenue estimates range from $1.18 billion to $1.33 billion.

A year earlier, Shaw earned 35 cents a share. Shaw's annual meeting also kicks off today. Shaw is expected to earn 38 cents on revenue of $1.24 billion for the current quarter.

The shares, which are up just over 3% in the pat year, currently trade for almost 11.4 times forward earnings and nearly 2.8 times book value. The stock is 2.4% below its 200-day moving average and 11.7% off its 52-week high with a yield of 4.5%.