Grupo Televisa SA TV, the largest cable MSO (multi service operator) in Mexico, is slated to release first-quarter 2016 results on Apr 28, after the market closes.In the last reported quarter, Televisa’s earnings lagged the Zacks Consensus Estimate by a massive 54.29%. The company delivered a positive earnings surprise in only one of the four trailing quarters, with an average beat of 7.02%. Let’s see how things are shaping up for this announcement. Factors Likely to Influence this QuarterIntensifying competition in its core pay-TV market is forcing Televisa to spend increasingly on expanding its client base. Gaining of new subscribers is generally associated with higher expenditure since the company needs to install equipment, such as satellite dishes and set-top boxes on their premises. This has led to a rise in depreciation and amortization charges for Televisa.The telecommunications industry reform bill of the Mexican government will allow America Movil SAB AMX to enter the country’s broadcasting market, which has been controlled by Televisa for a long time. This may substantially dent Televisa’s advertisement revenues. In fact, America Movil has long been eyeing this market given its existing telecom network.On the other hand, the new regulations may pave the way for Televisa to capture a large share of the wireless market.However, the company is yet to take any decision regarding its entry into the Mexican wireless market, which is becoming increasingly competitive after the emergence of the U.S. telecom behemoth AT&T Inc. T.Earnings Whispers Our proven model does not conclusively show that Televisa is likely to beat the Zacks Consensus Estimate 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. Unfortunately, that is not the case here as elaborated below:Zacks ESP: Televisa has an Earnings ESP of +83.33%. This is because the Most Accurate estimate stands at 11 cents while the Zacks Consensus Estimate is pegged lower at 6 cents.Zacks Rank: Televisa has a Zacks Rank #4. Please note that we caution against Sell-rated stocks (#4 or 5) going into an earnings announcement.A Stock to ConsiderHere is a company you may consider, as our model shows that it has the right combination of elements to post an earnings beat this quarter:TEGNA Inc. TGNA has an Earnings ESP of +2.44% and a Zacks Rank #2.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AT&T INC (T): Free Stock Analysis Report GRUPO TELEVISA (TV): Free Stock Analysis Report TEGNA INC (TGNA): Free Stock Analysis Report AMER MOVIL-ADR (AMX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research