Time Warner (NYSE: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 (NASDAQ: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 (NYSE:CBS) show "Two and a Half Men." In last year's Q1, Time Warner reported EPS of 62c on revenue of $6.32B.