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Lee Enterprises, Incorporated Message Board

  • jannnvermeulen jannnvermeulen Jan 5, 2013 11:29 AM Flag

    Q1 earnings

    It's always interesting to see what our fellow investors expect from the upcoming earnings release. So please post your estimates!

    I'll go first:

    Including the sale of North County Times, the associated decline in revenue, costs and one-tine revenue:

    $196M revenue
    $155M operating expenses
    $35M available for debt retirement of which we know they already used $18M
    EPS of $0.33, give or take 5 cents

    Sentiment: Hold

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    • Jann,
      Sorry for being late but better late than never.
      I see circs being about 48M from price increases and paywalls, but weighed down by subscriber loss. I see big ups in other revenue to 9-10M based upon Buffett using TownNews as the platform for his papers. Printing will also be up.
      Circs + Other = 60M
      I see advertising still trending down. Classifieds will fall by about 6%. A softer fall, since Craigslist is now raising prices in St. Louis for its employment ads, and is now more expensive to post on than the PD.
      We shall continue to see relentless falls in national and retail. Total Ad revenue I expect to see at 130M.
      Total revenues will be about 190-193M. This is factoring in for the NCT which was sold.

      Operating expenses will be down sharply to 138-140M.

      Operating Cash flow 50-53M
      Available for debt retirement: 35-38M

    • ER tomorrow. I guess we'll soon find out!

    • Remember that they recently recovered $4-7 million for overstating their taxes. So that could be useful for debt payoff. At some point soon. Maybe in two years the money they make will exceed the debt they hold. That will be a nice day. So far they have been very aggressive on debt repayment. EPS of .33 cents a share sounds good.

      Sentiment: Hold

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