Shaw Communications Inc.
) is set to release its second-quarter 2013 results before the
opening bell on Apr 12, 2013.
In the last quarter, the company delivered a 11.11% positive
earnings surprise. Let's see how things are shaping up for this
Factors to be Considered this Quarter
Shaw Communications is continuously deploying its high-speed
DOCSIS 3.0 network in several western Canadian markets under the
brand name "Nitro Internet Service". This technology offers a 100
Mbps download speed. Moreover, the company is also expanding its
Such aggressive rollout of high-speed technology coupled with
the acquisition of Canwest Global Communications Corp. (inclusive
of GlobalTV network) will certainly position Shaw Communications
as one of the leading entertainment and communications companies
in the Canadian broadcasting industry.
Our proven model does not conclusively show that Shaw
Communications is likely to beat the Zacks Consensus Estimate
this quarter. This is because a stock needs to have both a
positive Expected Surprise Prediction (ESP) (Read:
Zacks Earnings ESP: A Better Method
) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this
to happen. Unfortunately, this is not the case here as elaborated
This is because the Most Accurate estimate is 34 cents below the
Zacks Consensus Estimate of 36 cents. This leads to an ESP of
-5.56% for Shaw.
Zacks Rank #3 (Hold):
Shaw's Zacks Rank #3, decreases the predictive power of ESP.
We caution investors against the stock going into the earnings
announcement, as a Zacks earnings ESP of -5.56% combined with
Zacks Rank #3 lowers the possibility of an earnings surprise.
Other Stocks to Consider
Here are some other companies to consider as our model shows
that these have the right combination of elements to post an
earnings beat this quarter.
) has Earnings ESP of +5.56% and carries a Zacks Rank #1 (Strong
CBS Corporation (
has Earnings ESP of +1.47% and carries a Zacks Rank #2 (Buy).
MetroPCS Communications Inc.
has Earnings ESP of +100.00% and carries a Zacks Rank #3
CBS CORP (CBS): Free Stock Analysis Report
NETFLIX INC (NFLX): Free Stock Analysis
METROPCS COMMUN (PCS): Free Stock Analysis
SHAW COMMS-CL B (SJR): Free Stock Analysis
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