The New York Times Earnings Preview: Get Ahead of the Analysts
The New York Times (NYSE:NYT) will report earnings before markets open on Thursday, April 25th. The New York Times Company, a diversified media company, conducts operations in newspapers, magazines, television and radio stations, and electronic information and publishing. The Company’s publications include “The New York Times,” “The Boston Globe,” and the “International Herald Tribune.”. New York Times also holds interests in a newsprint mill and a paper mill.
Here is your Cheat Sheet to The New York Times Earnings:
Earnings Expectations: Analysts expect earnings of $0.05 per share on revenues of $470.32 million. Currently, the company’s P/E ratio stands at 10.39.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.13 to a profit $0.12. For the current year, the average estimate is a profit of $0.46, which is worse than the estimate ninety days ago.
Here’s how The New York Times has been performing on an annual basis:
|Revenue ($) in millions||2,940||2,440||1,981||1,953||1,990|
|Diluted EPS ($)||-0.40||0.14||0.71||-0.26||0.87|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||488.41||499.38||515.21||449.03||526.46|
|Diluted EPS ($)||0.39||0.28||-0.60||0.02||1.17|
The New York Times has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)