We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NY Times (NYT) Q2 Earnings: What's in Store for the Stock?
Read MoreHide Full Article
The New York Times Company (NYT - Free Report) , a diversified media conglomerate, is slated to report second-quarter 2016 results on Jul 28. The question lingering in investors’ minds now is, whether the company will be able to continue with its positive earnings surprise streak in the quarter to be reported. The company has surpassed earnings expectations for seven straight quarters now. Also, the average positive surprise over the trailing four quarters comes to 26.7%. Let’s see how things are shaping up for this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that The New York Times Company is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. The New York Times Company has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 12 cents. The New York Times Company’s Zacks Rank #2 (Buy) increases the predictive power of ESP. However, its ESP of 0.00% makes surprise prediction difficult.
Factors Influencing this Quarter
The New York Times Company is diversifying its business, adding new revenue streams, strengthening its balance sheet and restructuring its portfolio. It had offloaded assets in order to re-focus on its core newspapers and pay more attention to its online activities. We believe these moves will have a favorable impact on the quarter to be reported.
However, advertising revenue remains an area of concern for the company. Total advertising revenue fell 6.8% year over year during the first quarter of 2016. Print advertising revenue declined 9% in the quarter, while digital advertising revenue dropped 1.3%. Management had earlier projected that total advertising revenue in the second quarter may decline at a rate equivalent to that experienced in the first quarter.
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
CBS Corporation has an Earnings ESP of +1.16% and a Zacks Rank #2.
Time Warner Inc. has an Earnings ESP of +0.87% and a Zacks Rank #3 (Hold).
Expedia Inc. (EXPE - Free Report) has an Earnings ESP of +6.82% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
NY Times (NYT) Q2 Earnings: What's in Store for the Stock?
The New York Times Company (NYT - Free Report) , a diversified media conglomerate, is slated to report second-quarter 2016 results on Jul 28. The question lingering in investors’ minds now is, whether the company will be able to continue with its positive earnings surprise streak in the quarter to be reported. The company has surpassed earnings expectations for seven straight quarters now. Also, the average positive surprise over the trailing four quarters comes to 26.7%. Let’s see how things are shaping up for this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that The New York Times Company is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. The New York Times Company has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 12 cents. The New York Times Company’s Zacks Rank #2 (Buy) increases the predictive power of ESP. However, its ESP of 0.00% makes surprise prediction difficult.
Factors Influencing this Quarter
The New York Times Company is diversifying its business, adding new revenue streams, strengthening its balance sheet and restructuring its portfolio. It had offloaded assets in order to re-focus on its core newspapers and pay more attention to its online activities. We believe these moves will have a favorable impact on the quarter to be reported.
However, advertising revenue remains an area of concern for the company. Total advertising revenue fell 6.8% year over year during the first quarter of 2016. Print advertising revenue declined 9% in the quarter, while digital advertising revenue dropped 1.3%. Management had earlier projected that total advertising revenue in the second quarter may decline at a rate equivalent to that experienced in the first quarter.
NY TIMES A Price, Consensus and EPS Surprise
NY TIMES A Price, Consensus and EPS Surprise | NY TIMES A Quote
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
CBS Corporation has an Earnings ESP of +1.16% and a Zacks Rank #2.
Time Warner Inc. has an Earnings ESP of +0.87% and a Zacks Rank #3 (Hold).
Expedia Inc. (EXPE - Free Report) has an Earnings ESP of +6.82% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>