), an S&P 500 company and a diversified media conglomerate,
is set to report its fourth-quarter 2012 results on Feb 14, 2013.
In the last quarter, it posted a positive surprise of 8.3%. Let's
see how things are shaping up for this announcement.
Growth Factors this Past Quarter
CBS Corporation through its strategic initiatives focused on
increasing subscription based revenue channels. The company
remains optimistic and expects growth momentum to continue based
on reverse compensation from affiliates, strong demand of its
content, digital distribution, syndication sales and
Our proven model does not conclusively show that CBS
Corporation is likely to beat earnings this quarter. That is
because a stock needs to have both a positive Earnings ESP (Read:
Zacks Earnings ESP: A Better Method
)and a Zacks Rank of #1, #2 or #3 for this to happen. This is not
the case here as you will see below.
Negative Zacks ESP:
The Most Accurate Estimate stands at 70 cents while the Zacks
Consensus Estimate is pegged at 72 cents. This comes to a
difference of -2.78%.
Zacks Rank #3 (Hold):
CBS Corporation's Zacks Rank #3 (Hold) lowers the predictive
power of ESP because the Zacks Rank #3 when combined with a
negative ESP makes surprise prediction difficult. We caution
against stocks with Zacks Ranks #4 and #5 (Sell rated stocks)
going into the earnings announcement, especially when the company
is seeing negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
), Earnings ESP of +8.33% and a Zacks Rank #2 (Buy).
The Walt Disney Company
), Earnings ESP of +1.32% and a Zacks Rank #3 (Hold).
), Earnings ESP of +1.89% and a Zacks Rank #3 (Hold).
CBS CORP (CBS): Free Stock Analysis Report
COMCAST CORP A (CMCSA): Free Stock Analysis
DISNEY WALT (DIS): Free Stock Analysis Report
TIVO INC (TIVO): Free Stock Analysis Report
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