The New York Times Company Fourth Quarter Earnings Sneak Peek

Wall St. Cheat Sheet

The New York Times Company will unveil its latest earnings on Thursday, February 2, 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 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.

Past Earnings Performance: 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.

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Wall St. Revenue Expectations: 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.

Analyst Ratings: Analysts seem relatively indifferent about New York Times Company with five of six analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a profit of $15.7 million (10 cents a share) from a loss of $4.3 million (3 cents) a year earlier, beating analyst estimates. Revenue fell 3.1% to $537.2 million from $554.3 million.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 2.2% in the second quarter from the year earlier, dropped 3.6% in first quarter from the year-ago quarter and 2.2% in the fourth quarter of the last fiscal year.

Competitors to Watch: Gannett Co., Inc. , The McClatchy Company , News Corporation , Media General, Inc. , Lee Enterprises, Inc. , The E.W. Scripps Company , A. H. Belo Corporation , Daily Journal Corporation , and Pearson PLC .

Stock Price Performance: During November 29, 2011 to January 27, 2012, the stock price had risen $1.30 (19.7%) from $6.60 to $7.90. The stock price saw one of its best stretches over the last year between January 20, 2012 and January 26, 2012 when shares rose for five-straight days, rising 3.8% (+29 cents) over that span. It saw one of its worst periods between March 8, 2011 and March 16, 2011 when shares fell for seven-straight days, falling 12% (-$1.21) over that span.

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

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