Time Warner Cable: Earnings Preview
By Zacks Investment Research:
Time Warner Cable Inc. (TWC) is slated to release its fourth quarter 2011 results on Thursday, January 26, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at $1.21, representing an annualized growth of 22.07%. With respect to earnings surprises over the trailing four quarters, Time Warner Cable has outperformed the Zacks Consensus Estimate in two of the last four quarters. The average earnings surprise was positive 0.25%, implying that the company has surpassed the Zacks Consensus Estimate by the same magnitude in the two quarters.
Third Quarter Recap
On October 27, 2011, Time Warner Cable reported its third quarter 2011 financial results. Total revenue increased 3.7% year over year to $4,911 million, but missed the Zacks Consensus Estimate of $4,941 million. The year-over-year increase was attributable to higher residential subscription revenue and commercial subscription revenue, partially offset by lower advertising revenue. Quarterly GAAPComplete Story »