New York Times
The 10-second takeaway
For the quarter ended Dec. 30 (Q4), New York Times met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins shrank, net margins increased.
New York Times booked revenue of $575.8 million. The five analysts polled by S&P Capital IQ expected net sales of $570.3 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $643.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.32. The seven earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS of $1.15 for Q4 were 195% higher than the prior-year quarter's $0.39 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 61.1%, 90 basis points worse than the prior-year quarter. Operating margin was 16.6%, 330 basis points worse than the prior-year quarter. Net margin was 30.7%, 2,150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $474.4 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $1.97 billion. The average EPS estimate is $0.49.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 168 members out of 431 rating the stock outperform, and 263 members rating it underperform. Among 142 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give New York Times a green thumbs-up, and 89 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 $9.01.
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