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Time Warner (NYSE:TWX) is expected to report Q2 earnings before the open on Wednesday, August 3, with a conference call scheduled for 10:30 am ET.

Guidance

Analysts are looking for a profit of 56c on revenue of $6.81B. The consensus range is 54c-58c for EPS, and revenue of $6.58B-$6.97B, according to First Call. Investors will be interested to see whether Time Warner came through on its expectation of higher Q2 EPS, which the company called for during its Q1 earnings conference call. Followers of the stock will also be waiting to hear more about the company's HBO Go App and the relative success of the company's other digital strategies.

Analyst Views

Just as Time Warner's movies have recently had mixed results at the box office, with a big win from "Harry Potter" but a somewhat disappointing showing from "Green Lantern," expert opinion on the company's stock is mixed. Within days of each other, UBS analysts downgraded Time Warner, citing a slowing ad market, and Barron's called the stock one of the most compelling in media, comparing its valuation favorably to rivals Disney (NYSE:DIS) and Comcast (NASDAQ:CMCSA).

Source: Earnings Preview: Time Warner