Earnings Preview: CBS

| About: CBS Corporation (CBS)
This article is now exclusive for PRO subscribers.

CBS is expected to report Q4 earnings after the market close on Wednesday, February 15 with a conference call scheduled for 4:30 pm ET.


Analysts are looking for EPS of 53c on revenue of $3.91B. The consensus range is 50c-56c for EPS, and $3.82B-$3.99B for revenue, according to First Call. Catalysts for this quarter may be seen coming from revenue trends in the quarter. With competitors having reported declining advertising revenue this quarter, investors will be looking for CBS's ratings out-performance to be the driver. On the company Q3 conference call CEO Les Moonves said, "The outlook for advertising at least in the fourth quarter is still strong. If advertising does weaken, we're not going to see it until the first quarter."

Analyst Views

On January 30 Wells Fargo raised its price target on CBS to $32-$34 from $31-$33 and reiterated an Outperform rating on shares.