The New York Times Company Third Quarter Earnings Sneak Peek

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The New York Times Company (NYSE:NYT) will unveil its latest earnings on Thursday, October 25, 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 8 cents per share, a rise of 60% 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 9 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 7.5% versus last year to 62 cents.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 14 cents a share versus the estimate of net income of 13 cents a share. It marked the fourth straight quarter of beating estimates.

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Stock Price Performance: Between July 26, 2012 and October 19, 2012, the stock price rose $2.87 (36.8%), from $7.80 to $10.67. The stock price saw one of its best stretches over the last year between August 2, 2012 and August 17, 2012, when shares rose for 12 straight days, increasing 23.5% (+$1.79) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 4.9% (-32 cents) over that span.

A Look Back: In the second quarter, the company’s loss narrowed to a loss of $88.1 million (60 cents a share) from a loss of $119.7 million (81 cents) a year earlier, beating analyst expectations. Revenue fell 10.7% to $515.2 million from $576.7 million.

Wall St. Revenue Expectations: On average, analysts predict $479.2 million in revenue this quarter, a decline of 10.8% from the year-ago quarter. Analysts are forecasting total revenue of $2.07 billion for the year, a decline of 10.8% from last year’s revenue of $2.32 billion.

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 3.1% in the third quarter of the last fiscal year, 2.8% in fourth quarter of the last fiscal year and 11.8% in the first quarter and then fell again in the second quarter.

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

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.17 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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

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