), is set to report its second-quarter 2014 results on Aug 7, 2014.
Last quarter, it posted a positive earnings surprise of 4%.
Let us see how things are developing for this announcement.
Growth Factors This Quarter
Television advertising revenues have been displaying soft trends in
the quarter as premier sporting events on other networks like ABC
were no match for repeats on CBS network. It is expected that
advertising revenues will pick up in the second half as political
advertising spending increases. Also, an addition of Thursday Night
National Football League (NFL) game for eight weeks will add to
Our proven model does not conclusively project CBS Corp as likely
to beat earnings this quarter. This is because a stock needs to
have both a positive
and Zacks Rank #1 #2 or #3 for this to happen. This is not the case
here as you will see below.
CBS Corp currently has an Earnings ESP of 0.00%. This is
because both the Most Accurate estimate and the Zacks Consensus
Estimate stand at 72 cents per share.
CBS Corp's Zacks Rank #3 (Hold) increases the predictive power of
ESP. However, we need to have a positive ESP to be confident about
an earnings surprise. We caution against stocks with a Zacks Rank
#4 and #5 (Sell-rated stocks) going into an earnings announcement,
especially when the company is witnessing negative estimate
Other Stocks to Consider
Here are some other companies you may want to consider as our model
shows these to have the right combination of elements to post an
The Andersons, Inc. (
) with an Earnings ESP of +6.09% holds a Zacks Rank #1 (Strong
Liberty Media Corp. (
) has an Earnings ESP of +7.04% and a Zacks Rank #3.
Macy's, Inc. (
) has an Earnings ESP of +1.16% and a Zacks Rank #3.
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CBS CORP (CBS): Free Stock Analysis Report
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ANDERSONS INC (ANDE): Free Stock Analysis
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