News Corp (NASDAQ: NWSA), Groupon Inc (NASDAQ: GRPN), Walt Disney Co (NYSE: DIS) and Sprint Corp (NYSE: S) will announce quarterly numbers on Tuesday. Here’s what investors can expect:
News Corp (NASDAQ:NWSA)
News Corp is scheduled to release its third-quarter numbers after the close of trade on Tuesday. The owner of Dow Jones Newswires and The Wall Street Journal is projected to post earnings per share of 7 cents, according to analysts surveyed by Thomson Reuters. In the same period last year, the company reported EPS of 8 cents. Quarterly revenue is expected to come in at $2.12 billion, versus $2.08 billion a year ago.
Like most newspaper publishers, News Corp (NASDAQ:NWSA) has been struggling with the decline print-advertising revenue. The company’s news and information services units, which roughly accounts for two-thirds of its overall EBITDA, recorded a 6 percent drop in sales in the most recent quarter.
However, the book-publishing unit is expected to witness a boost in sales for the current quarter. News Corp (NASDAQ:NWSA) is also pinning a lot of hopes on Harper Lee’s highly anticipated second book, “Go Set a Watchman,” scheduled for release, later this summer.
Groupon Inc (NASDAQ:GRPN)
Groupon is gearing to release first-quarter earnings on Tuesday. Investors will be expecting the company to deliver a rare quarterly profit that could somehow justify the stock’s pricey valuation.
The average analysts’ estimate is for the company to report adjusted earnings of $0.02 per share on revenue of $798.3 million and $0.02, up from a year ago loss of $0.01 a share on revenue of $757.6 million. Street forecasts for positive earnings are a reflection of the improving economies of scale.
The steadily declining gross billings from the Groupon Inc (NASDAQ:GRPN) email channel have been a major investor concern. However, strength in its non-email channel, driven primarily by mobile, has helped the company’s revenue grow. Management is confident that billings from its email channel are also stabilizing.
Another silver lining is Groupon Inc (NASDAQ:GRPN)’s continued growth in active customer base. The total number of active customers jumped 53.9 million during the fourth quarter of last year, up 23 percent from a year ago. Analysts expect similar growth rates for the current quarter.
Walt Disney Co (NYSE:DIS)
The Wall Street expects the company to report earnings per share of $1.11 for the quarter. The consensus estimate has gone up from three months ago, when it stood at $1.10 per share. For the fiscal year, analysts are projecting earnings of $4.93 per share.
Walt Disney Co (NYSE:DIS)’s revenue is forecast to top the year-ago total of $11.65 billion by 5 percent to finish at $12.25 billion. Full year revenue should likely be around $52.36 billion.
The company’s net income has been increasing for three consecutive quarters, while sales have improved in the past two quarters.
Walt Disney Co (NYSE:DIS)’s stock is currently trading at $111.03, and a majority of analysts following the stock (55 percent) rate it a buy.
Sprint Corp (NYSE:S)
Sprint will release its first quarter results before the open of trade. The consensus of analysts polled by Thomson Reuters is for per share loss of $0.06 on sales of $8.43 billion. During the same period last year, the company recorded a net loss per share of $0.46 and revenue of $8.79 billion. All eyes will be focused on the number of subscribers added during the quarter.
Investors would also like to know about its growth in the retail space. Sprint Corp (NYSE:S) has almost doubled its retail footprint after recently opening 1,400 co-branded Sprint-RadioShack stores. Although, not all stores are currently sporting the new co-branding look, Sprint expects the transition to complete by the second half of the year.
Shares of Sprint Corp (NYSE:S) closed Monday at $5.15, and have a 52-week trading range of $3.79-$9.76. Analysts following the stock have an average target price of $7.28.
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