Shaw Communications Inc.
) is set to release its third-quarter 2013 results before the
opening bell on Jun 27, 2013.
In the last quarter, the company delivered a 5.56% positive
earnings surprise. Let's see how things are shaping up for this
Factors to be Considered this Quarter
Shaw Communications is continuously deploying high-speed DOCSIS
3.0 network in several western Canadian markets under the brand
name of "Nitro Internet Service". This technology offers 100 Mbps
download speed. Moreover, the company is also expanding its Wi-Fi
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
Negative Zacks ESP: This is because the Most Accurate Estimate is
at 39 cents, below the Zacks Consensus Estimate of 43 cents. This
leads to an ESP of -9.30% for Shaw.
Zacks Rank #3 (Hold): Shaw's Zacks Rank #3 (Hold), decreases the
predictive power of ESP.
We caution investors against the stock going into the earnings
announcement, as a Zacks earnings ESP of -9.30% combined with a
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 they
have the right combination of elements to post an earnings beat
RESEARCH IN MOT (BBRY): Free Stock Analysis
CABLEVISION SYS (CVC): Free Stock Analysis
SHAW COMMS-CL B (SJR): Free Stock Analysis
TIME WARNER INC (TWX): Free Stock Analysis
To read this article on Zacks.com click here.
Research In Motion Limited
) has Earnings ESP of +125.00% and carries a Zacks Rank #3
Cablevision Systems Corporation
) has Earnings ESP of +33.33% and carries a Zacks Rank #3 (Hold).
Time Warner Inc.
) has Earnings ESP of +1.33% and carries a Zacks Rank #3 (Hold).