New York Times (NYSE: NYT ) is expected to report Q2 earnings around Aug. 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict New York Times's revenues will compress -5.1% and EPS will wane -14.3%.
The average estimate for revenue is $488.9 million. On the bottom line, the average EPS estimate is $0.12.
Last quarter, New York Times logged revenue of $465.9 million. GAAP reported sales were 2.0% lower than the prior-year quarter's $475.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.04. GAAP EPS of $0.02 for Q1 were 93% lower than the prior-year quarter's $0.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 57.7%, 50 basis points better than the prior-year quarter. Operating margin was 6.0%, 80 basis points better than the prior-year quarter. Net margin was 0.7%, 820 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.96 billion. The average EPS estimate is $0.41.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 168 members out of 435 rating the stock outperform, and 267 members rating it underperform. Among 138 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give New York Times a green thumbs-up, and 88 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on New York Times is hold, with an average price target of $8.64.
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