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Cable TV Stocks' Q3 Earnings Slated for Nov 8: LBRDK, QVCB

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Evidently, the third quarter is on track to mark the first positive growth for the S&P 500 index after five consecutive quarters of earnings declines, delivering a significant improvement in both earnings and revenues.

Per our Earnings Preview report as of Nov 4, out of the 423 S&P 500 companies that have come up with their quarterly numbers, approximately 72.8% posted positive earnings surprises, while 55.1% beat top-line expectations. While total earnings for these index members were up 3.6% from the year-ago quarter, revenues increased 2.4%.

Further, the report projects that earnings for the total S&P 500 companies will improve 3% from the year-ago period with total revenue rising 1.5%.

The performance of the index is not restricted to a single sector, and of the 16 Zacks sectors, four are expected to witness an earnings decline in the third quarter, with Auto, Oil/Energy and Transportation being a major drag. However, the Consumer Discretionary sector is witnessing an improvement with total earnings expected to rise 6.2% and revenues anticipated to improve 11.7%.

So, let’s see what awaits the following cable TV stocks within the Consumer Discretionary sector that are queued up for earnings releases on Nov 8:

Liberty Broadband Corporation (LBRDK - Free Report) is scheduled to release its third-quarter 2016 results. The company missed the Zacks Consensus Estimate in the trailing four quarters by an average of 111.1%. Our proven model does not conclusively show that Liberty Broadband is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.

LIBERTY BRDBD-C Price and EPS Surprise

LIBERTY BRDBD-C Price and EPS Surprise | LIBERTY BRDBD-C Quote

This digital cable services provider has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 22 cents. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises. The stock carries a Zacks Rank #2, which increases the predictive power of ESP. However, its ESP of 0.00% makes surprise prediction difficult.

Next, let’s take a sneak peek at QVC Group , the owner of a broad range of electronic retailing, media, and entertainment businesses, which is slated to release its third-quarter 2016 results. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

LIBERTY M INT-B Price and EPS Surprise

LIBERTY M INT-B Price and EPS Surprise | LIBERTY M INT-B Quote

The company’s Zacks Rank #3 increases the predictive power of ESP. However, its ESP of 0.00% makes surprise prediction difficult. The Zacks Consensus Estimate, which has increased from $2.00 in the past 7 days, currently stands at $4.93 for the quarter.

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