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February 14, 2013
13:01 EDTCBSEarnings Preview: REIT spin-off plans put CBS near all-time high into Q4 report
CBS (CBS) is set to report Q4 earnings after the market closes on Thursday, February 14, with a conference call scheduled for 4:30 pm ET. CBS is a media company that operates entertainment, cable networks, publishing, local broadcasting, and outdoor segments... EXPECTATIONS: Analysts are looking for EPS of 69c on revenue of $3.79B, according to First Call. The consensus range for EPS is 65c-75c, on revenue of $3.7B-$3.96B... LAST QUARTER: CBS reported Q3 adjusted EPS of 65c against estimates for 61c, on revenue of $3.42B against estimates for $3.49B. On January 16, CBS announced that it will seek to convert its Outdoor Americas advertising unit into a real estate investment trust, or REIT. Following the news, shares of CBS surged over 7% to all-time highs. Earlier this week, CBS announced a content licensing agreement with Amazon (AMZN) that expanded the amount of CBS content that would be available for streaming via Amazon's Prime Instant Video Service... STREET RESEARCH: Street Research has been generally positive on CBS, with the company's plan to spin-off its Outdoor Americas unit into a REIT getting a broad and positive reception on the Street. Following the January announcement for its REIT spin-off plans, at least three firms raised their price target on CBS. Wedbush also upgraded the stock to Outperform from Neutral, following the REIT spin-off plans, raising its price target on shares to $50 from $36. On January 23, Wells Fargo reduced its Q4 EPS estimate for CBS, citing lower on demand and political revenue, though the firm maintained its Outperform rating on the stock... PRICE ACTION: Shares of CBS have gained more than 24% since the company's Q3 report. Shares of CBS are trading down about 0.5% in early afternoon trading ahead of its Q4 report.
News For CBS From The Last 14 Days
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November 13, 2015
11:38 EDTCBSBox Office Battle: 'Spectre,' 'The Peanuts Movie' expected to remain on top
Sony's (SNE) "Spectre," starring Daniel Craig as James Bond, is again expected to top the box office in its second weekend at theaters, with an estimated domestic gross in the $30.3M-$32.4M range. Fox's (FOX, FOXA) G-rated family film "The Peanuts Movie," starring a 3D-animated Charlie Brown, is again likely to come in second, predicted to earn an additional $28.7M. Newcomer "The 33," a drama retelling the true story of the Chilean miners that were trapped underground in 2010, is expected to open between $5.5M-$10M in 2,400 theaters. "The 33" is being distributed in North America by Time Warner's (TWX) Warner Bros. Pictures, and in Latin America by Fox's 20th Century Fox. Holiday dramedy "Love the Coopers," starring John Goodman and Diane Keaton, is estimated to open in the $5.2M-$8M range. "Love the Coopers" is being released in 2,603 theaters by Lionsgate (LGF) and CBS's (CBS) CBS Films. Fox's "The Martian," which opened on October 2, is predicted to earn an additional $6M-$6.8M. Other publicly traded companies involved in filmmaking include Comcast (CMCSA, CMCSK), Disney (DIS), and Viacom (VIA, VIAB).
11:33 EDTCBSStocks with call strike movement; CBS CMG
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10:53 EDTCBSCBS management to meet with Barrington
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November 11, 2015
07:55 EDTCBSRBC Capital to hold a conference
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07:40 EDTCBSWells Fargo to hold a conference
6th Annual Media & Telecom Conference is being held in New York on November 10-11 with webcasted company presentations to begin on November 11 at 8 am; not all company presentations may be webcasted. Webcast Link
November 10, 2015
15:10 EDTCBST-Mobile confirms unlimited streaming initiative 'Binge On'
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