For Comcast, which reports before the opening bell Wednesday, the Street is estimating a 3 percent increase in its quarterly revenue to $15.4 billion, and quarterly earnings of 50 cents a share. Shares of Comcast are up better than 10 percent year to date.
Viacom's earnings are on deck Wednesday morning, before the market opens. According to Thomson Analytics, analysts are looking for a contraction in quarterly revenue and earnings growth (year over year). However, Matthew Harrigan at Wunderlich Securities says the 3-D version of "Star Trek" may generate strong interest overseas, and that could be a catalyst for future earnings.