Time Warner Inc. TWXis scheduled to report first-quarter 2018 results on Apr 26.
The media and entertainment company’s planned takeover by AT&T in a deal worth $85.4 billion hit roadblock after Department of Justice (DOJ) raised antitrust concerns over the proposed merger.
Notably, Time Warner has outperformed the Zacks Consensus Estimate in the trailing four quarters by an average of 13.
Investors are keeping their fingers crossed and hoping that Time Warner outpaces earnings estimate even this time. The Zacks Consensus Estimate for first-quarter earnings and revenues are currently pegged at $1.76 and $7.95 billion, reflecting year-over-year growth of 6% and 2.8%, respectively.
Let’s delve deeper and find out the factors likely to impact results this quarter.