New York Times Co. (NYT) Tops Q4 Earnings and Revenue Estimates

Core Insights - New York Times Co. reported quarterly earnings of $0.80 per share, exceeding the Zacks Consensus Estimate of$ 0.74 per share, and showing an increase from $0.70 per share a year ago, resulting in an earnings surprise of 8.11% [1] - The company achieved revenues of$ 726.63 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.22% and increasing from $676.22 million year-over-year [2] - New York Times shares have increased approximately 7.4% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.32 on revenues of $634.52 million, while for the current fiscal year, the estimate is$ 2.05 on revenues of $2.74 billion [7] - The estimate revisions trend for New York Times is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Publishing - Newspapers industry, to which New York Times belongs, is currently ranked in the bottom 15% of over 250 Zacks industries, which may impact stock performance [8] - Another company in the same industry, Lee Enterprises, is expected to report a quarterly loss of$ 0.40 per share, reflecting a significant year-over-year decline of 433.3% [9]