New York Times Co. (NYT - Free Report) reported $598.35 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 9.3%. EPS of $0.37 for the same period compares to $0.21 a year ago.
The reported revenue represents a surprise of +1.43% over the Zacks Consensus Estimate of $589.9 million. With the consensus EPS estimate being $0.29, the EPS surprise was +27.59%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how New York Times performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Digital-only subscriptions: 9,410 compared to the 9,383 average estimate based on three analysts.
- Total subscriptions Digital & Print: 10,080 versus the three-analyst average estimate of 10,057.
- Print subscriptions: 670 versus 671 estimated by three analysts on average.
- Total digital-only subscription revenues: $282.20 million versus the three-analyst average estimate of $281.67 million. The reported number represents a year-over-year change of +15.7%.
- Advertising Revenues- Total Digital: $75 million versus $73.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
- Advertising Revenues- Total Print: $42.11 million versus the three-analyst average estimate of $36.55 million. The reported number represents a year-over-year change of +4.8%.
- Revenue- Other: $62.66 million compared to the $62.31 million average estimate based on three analysts. The reported number represents a change of +14.9% year over year.
- Subtotal print subscription revenues: $136.35 million versus $135.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
- Revenue- Advertising: $117.11 million versus $110.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
- Revenues- Subscription: $418.58 million versus $417.06 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.4% change.
View all Key Company Metrics for New York Times here>>>Shares of New York Times have returned -2% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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New York Times Co. (NYT - Free Report) reported $598.35 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 9.3%. EPS of $0.37 for the same period compares to $0.21 a year ago.
The reported revenue represents a surprise of +1.43% over the Zacks Consensus Estimate of $589.9 million. With the consensus EPS estimate being $0.29, the EPS surprise was +27.59%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how New York Times performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Digital-only subscriptions: 9,410 compared to the 9,383 average estimate based on three analysts.
- Total subscriptions Digital & Print: 10,080 versus the three-analyst average estimate of 10,057.
- Print subscriptions: 670 versus 671 estimated by three analysts on average.
- Total digital-only subscription revenues: $282.20 million versus the three-analyst average estimate of $281.67 million. The reported number represents a year-over-year change of +15.7%.
- Advertising Revenues- Total Digital: $75 million versus $73.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
- Advertising Revenues- Total Print: $42.11 million versus the three-analyst average estimate of $36.55 million. The reported number represents a year-over-year change of +4.8%.
- Revenue- Other: $62.66 million compared to the $62.31 million average estimate based on three analysts. The reported number represents a change of +14.9% year over year.
- Subtotal print subscription revenues: $136.35 million versus $135.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.8% change.
- Revenue- Advertising: $117.11 million versus $110.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
- Revenues- Subscription: $418.58 million versus $417.06 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.4% change.
View all Key Company Metrics for New York Times here>>>Shares of New York Times have returned -2% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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