Earnings Preview: Viacom

| About: Viacom Inc. (VIA)

Viacom (NYSE:VIA) is expected to report Q2 earnings before the market open on Thursday, May 3 with a conference call scheduled for 8:30 am ET.


Analysts are looking for EPS of 89c on revenue of $3.33B. The consensus range is 84c-92c for EPS, and $3.13B-$3.57B for revenue, according to First Call. In February, Viacom forecast affiliate revenue up in high single digits to low double digits for the foreseeable future and said it would buy back at least $2.5B of its shares in FY12, with about $700M in repurchases in Q2. The company said it was on its way to achieving its goal of 20%+ margins internationally. In March, Nielsen Media Research data indicated that ratings at the company's Nickelodeon were off 28% among 6-to-11-year-olds in Q1, and 34.9% in the week to March 22. At MTV, primetime ratings were off 19% in its target 18-to-34-year-old audience during Q1 and Comedy Central's ratings were down 15% in primetime in the same period. Analysts and investors will look for comments from the company on these ratings figures, as well as whether the company has seen recovery in the advertising market. In the year-ago quarter, Viacom reported EPS of 72c on revenue of $3.27B