For the quarter ended December 2023, New York Times Co. (NYT - Free Report) reported revenue of $676.22 million, up 1.3% over the same period last year. EPS came in at $0.70, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of -0.68% over the Zacks Consensus Estimate of $680.88 million. With the consensus EPS estimate being $0.60, the EPS surprise was +16.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 9,700 versus the two-analyst average estimate of 9,604.
- Total subscriptions Digital & Print: 10,360 versus 10,264 estimated by two analysts on average.
- Total digital-only ARPU: $9.24 versus the two-analyst average estimate of $9.32.
- Print subscriptions: 660 compared to the 660 average estimate based on two analysts.
- Total digital-only subscription revenues: $288.67 million versus $291.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
- Advertising Revenues- Total Digital: $107.67 million versus $113.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.
- Advertising Revenues- Total Print: $56.41 million versus $62.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -16.2% change.
- Revenue- Other: $81.69 million versus the two-analyst average estimate of $74.43 million. The reported number represents a year-over-year change of +10%.
- Subtotal print subscription revenues: $141.77 million versus the two-analyst average estimate of $138.14 million. The reported number represents a year-over-year change of -2.2%.
- Revenue- Advertising: $164.08 million compared to the $176.45 million average estimate based on two analysts. The reported number represents a change of -8.4% year over year.
- Revenues- Subscription: $430.44 million versus the two-analyst average estimate of $429.28 million. The reported number represents a year-over-year change of +4%.
View all Key Company Metrics for New York Times here>>>Shares of New York Times have returned +2.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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For the quarter ended December 2023, New York Times Co. (NYT - Free Report) reported revenue of $676.22 million, up 1.3% over the same period last year. EPS came in at $0.70, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of -0.68% over the Zacks Consensus Estimate of $680.88 million. With the consensus EPS estimate being $0.60, the EPS surprise was +16.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 9,700 versus the two-analyst average estimate of 9,604.
- Total subscriptions Digital & Print: 10,360 versus 10,264 estimated by two analysts on average.
- Total digital-only ARPU: $9.24 versus the two-analyst average estimate of $9.32.
- Print subscriptions: 660 compared to the 660 average estimate based on two analysts.
- Total digital-only subscription revenues: $288.67 million versus $291.14 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
- Advertising Revenues- Total Digital: $107.67 million versus $113.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.
- Advertising Revenues- Total Print: $56.41 million versus $62.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -16.2% change.
- Revenue- Other: $81.69 million versus the two-analyst average estimate of $74.43 million. The reported number represents a year-over-year change of +10%.
- Subtotal print subscription revenues: $141.77 million versus the two-analyst average estimate of $138.14 million. The reported number represents a year-over-year change of -2.2%.
- Revenue- Advertising: $164.08 million compared to the $176.45 million average estimate based on two analysts. The reported number represents a change of -8.4% year over year.
- Revenues- Subscription: $430.44 million versus the two-analyst average estimate of $429.28 million. The reported number represents a year-over-year change of +4%.
View all Key Company Metrics for New York Times here>>>Shares of New York Times have returned +2.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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