Time Warner (TWX) is expected to report Q1 earnings on Wednesday, May 4 with a conference call scheduled for 10:30 am ET.
Analysts are looking for EPS of 57c on revenue of $6.45B. The consensus range is 53c-66c for EPS, and $5.78B-$6.62B for revenue, according to First Call. In February, Time Warner forecast FY11 percentage growth rate in adjusted EPS to be in the low teens off a 2010 adjusted EPS base of $2.41 vs. consensus $2.74. The company also increased its stock buyback authorization to $5B and forecast "strong" TV advertising growth for 2011. Analysts and investors will listen for comments from the company on negotiations with Netflix (NFLX) and Redbox (CSTR), after the company last quarter said it would take a tougher stance against both companies, and possibly offer an update on the fate of the CBS (CBS) show "Two and a Half Men." In last year's Q1, Time Warner reported EPS of 62c on revenue of $6.32B.