The New York Times (NYT) Reports Q4: Everything You Need To Know Ahead Of Earnings

Newspaper and digital media company The New York Times (NYSE:NYT) will be reporting results this Wednesday before market hours. Here’s what to look for.

The New York Times beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $700.8 million, up 9.5% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates. It reported 12.33 million subscribers, up 11.2% year on year.

Is The New York Times a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting The New York Times’s revenue to grow 8.9% year on year to $791.3 million, improving from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The New York Times has missed Wall Street’s revenue estimates three times over the last two years.

Looking at The New York Times’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Disney delivered year-on-year revenue growth of 5.2%, beating analysts’ expectations by 0.8%, and Apple reported revenues up 15.7%, topping estimates by 4.1%. Apple’s stock price was unchanged following the results.

Read our full analysis of Disney’s results here and Apple’s results here.

Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. The New York Times is up 5.1% during the same time and is heading into earnings with an average analyst price target of $68.75 (compared to the current share price of $73.67).

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