Time Warner Inc. (TWX), one of the leading media conglomerates, came out with fourth-quarter 2014 results, wherein earnings of 98 cents per share easily beat the Zacks Consensus Estimate by of 94 cents. However, the bottom line fell 8.4% year over year.
Management now expects adjusted earnings per share for 2015 between $4.60 and $4.70. The current Zacks Consensus Estimate for 2015 is $4.68 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2014 has been portraying a downtrend in the last 30 days. However, if we look at Time Warner’s performance in 2014, it gives a decent picture. The company has posted positive earnings surprises in all the quarters.
In the trailing four quarters, the company outperformed the Zacks Consensus Estimate by an average of 13.5%.
Revenues: Time Warner generated total revenues of $7,525 million that decreased 1% year over year and also fell short of the Zacks Consensus Estimate of $7,540 million. This was due to lower revenues at Warner Bros, which ran down good performance at HBO and Turner Broadcasting divisions.
Key Events: Time Warner announced a 10% hike in its annual dividend to $1.40 per share.
Zacks Rank: Currently, Time Warner carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Stock Movement: Time Warner’s shares are up nearly 1% in the pre-market trading hours following the earnings release.
Check back later for our full write up on Time Warner’s earnings report!
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