Earnings Preview Watch: New York Times and THQI on Deck

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The New York Times Company (NYSE:NYT) will unveil its latest earnings on Thursday, February 2, 2012. The average estimate of analysts is for profit of 42 cents per share, a decline of 8.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 41 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting net income of 62 cents per share, a decline of 17.3% from last year.

The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 5 cents per share, and the previous quarter, it had net income of 12 cents. On average, analysts predict $646.4 million in revenue this quarter, a decline of 2.3% from the year ago quarter. Analysts are forecasting total revenue of $2.34 billion for the year, a decline of 2.1% from last year’s revenue of $2.39 billion.

Competitors to Watch: Gannett Co., Inc. (NYSE:GCI), The McClatchy Company (NYSE:MNI), News Corporation (NASDAQ:NWSA), Media General, Inc. (NYSE:MEG), Lee Enterprises, Inc. (NYSE:LEE), The E.W. Scripps Company (NYSE:SSP), A. H. Belo Corporation (NYSE:AHC), Daily Journal Corporation (NASDAQ:DJCO), and Pearson PLC (NYSE:PSO).

THQ, Inc. (NASDAQ:THQI) will unveil its latest earnings on Thursday, February 2, 2012. The average estimate of analysts is for net income of 76 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.33. Between one and three months ago, the average estimate moved down. It has been unchanged at 76 cents during the last month.

The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported a loss of 71 cents per share against a mean estimate of net loss of 86 cents per share. In the first quarter, it missed forecasts by 33 cents. Analysts are projecting a rise of 29.2% in revenue from the year-earlier quarter to $417.6 million.

Competitors to Watch: Electronic Arts Inc. (NASDAQ:ERTS), Microsoft Corporation (NASDAQ:MSFT), Take-Two Interactive Software, Inc. (NASDAQ:TTWO), Activision Blizzard, Inc. (NASDAQ:ATVI), KONAMI CORPORATION (NYSE:KNM), Majesco Entertainment Co. (NASDAQ:COOL), The Walt Disney Company (NYSE:DIS) and Sony Corporation (NYSE:SNE)

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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