The New York Times Company (NYSE:NYT) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.11 per share.
For the full year, analysts predict revenues of $ 1757.03 million, while looking forward to income of $ 0.79 per share.
Previous Quarter Performance
The New York Times Company revealed income for the second quarter of $ 0.18 per share, from the revenue of $ 403.75 million. The quarterly earnings extended 5.88 percent while revenues contracted 7.96 percent compared with the same quarter last year. The top line results outshined analysts by $ 16.83 million or 4.35 percent.
Stock Performance
Shares of The New York Times Company traded up $ 0.88 or 2.17 percent on Wednesday, reaching $ 41.45 with volume of 2.30 million shares. The New York Times Company has traded high as $ 41.71 and has cracked $ 39.82 on the downward trend
The closing price of $ 41.45, representing a 55.26 % increase from the 52 week low of $ 26.13 and a 15.39 % decrease over the 52 week high of $ 47.95.
The company has a market capital of $ 6.88 billion and is part of the Consumer Cyclical sector and Publishing industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Morgan Stanley at Overweight rating, with $ 55.00 target price.
Conference Call
The New York Times Company will be hosting a conference call at 8:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nytco.com
The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. The company offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website. It also transmits articles, graphics, and photographs from The Times and other publications to approximately 1,800 newspapers, magazines, and Websites; licenses electronic databases to resellers in the business, professional, and library markets; and offers magazine licensing, news digests, book development, and rights and permissions.
