Newspaper and digital media company The New York Times (NYSE:NYT) will be announcing earnings results tomorrow before market open. Here’s what investors should know.
The New York Times met analysts’ revenue expectations last quarter, reporting revenues of $640.2 million, up 7% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates but a miss of analysts’ subscribers estimates. It reported 11.09 million subscribers, up 10% year on year.
Is The New York Times a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting The New York Times’s revenue to grow 7.6% year on year to $727.7 million, improving from the 1.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.75 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The New York Times has missed Wall Street’s revenue estimates three times over the last two years.
Looking at The New York Times’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. VF Corp delivered year-on-year revenue growth of 1.9%, beating analysts’ expectations by 1.2%, and Malibu Boats reported a revenue decline of 5.1%, topping estimates by 4.8%. VF Corp traded up 1.4% following the results while Malibu Boats’s stock price was unchanged.
Read our full analysis of VF Corp’s results here and Malibu Boats’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. The New York Times is up 8.4% during the same time and is heading into earnings with an average analyst price target of $57.12 (compared to the current share price of $57.10).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.