On Thursday, CBS CBS will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Sell-side analysts expect CBS' EPS to be near $1.15 on sales of $3.7 billion.
In the same quarter last year, CBS reported EPS of $1.11 on revenue of $3.51 billion. If the company were to match the consensus estimate when it reports Thursday, EPS would be up 3.6 percent. Revenue would be up 5.17 percent on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
EPS Estimate | 1.13 | 0.98 | 0.96 | 1.11 |
EPS Actual | 1.11 | 1.04 | 1.04 | 1.11 |
Stock Performance
Over the last 52-week period, shares of CBS have declined 16.28 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on CBS stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. CBS' Q4 conference call is scheduled to begin at 8:00 a.m. ET and can be accessed here: http://investors.cbscorporation.com/phoenix.zhtml?c=99462&p=irol-news_landing
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