The New York Times
The 10-second takeaway
For the quarter ended March 25 (Q1), New York Times met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share increased significantly.
Gross margins grew, operating margins dropped, net margins grew.
New York Times reported revenue of $499.4 million. The four analysts polled by S&P Capital IQ foresaw revenue of $500.7 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $566.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.08. The six earnings estimates compiled by S&P Capital IQ averaged $0.02 per share on the same basis. GAAP EPS of $0.28 for Q1 were much higher than the prior-year quarter's $0.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 57.3%, 30 basis points better than the prior-year quarter. Operating margin was 3.9%, 170 basis points worse than the prior-year quarter. Net margin was 8.4%, 740 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $510.8 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $2.11 billion. The average EPS estimate is $0.64.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 170 members out of 429 rating the stock outperform, and 259 members rating it underperform. Among 140 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give New York Times a green thumbs-up, and 94 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 $8.25.
Over the decades, small-cap stocks, like New York Times have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add New York Times to My Watchlist.