New York Times Second Quarter Earnings Sneak Peek

The New York Times Company (NYSE:NYT) will unveil its latest earnings tomorrow, Thursday, July 26, 2012. The New York Times Company is a media company that currently includes newspapers, Internet businesses, investments in paper mills, and other investments.

The New York Times Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 13 cents per share, a rise of 8.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 6% compared to last year’s 71 cents.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting profit of 8 cents per share against a mean estimate of net income of 2 cents per share.

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A Look Back: In the first quarter, profit rose more than sevenfold to $42.1 million (28 cents a share) from $5.4 million (4 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 11.8% to $499.4 million from $566.5 million.

Wall St. Revenue Expectations: Analysts predict a decline of 11.4% in revenue from the year-earlier quarter to $510.9 million.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.89 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 2.2% in the second quarter of the last fiscal year, 3.1% in third quarter of the last fiscal year and 2.8% in the fourth quarter of the last fiscal year and then fell again in the first quarter.

Analyst Ratings: There are mostly holds on the stock with six of seven analysts surveyed giving that rating.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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