Alert: New Earnings Report (11/8/23)-The New York Times Company (NYSE: NYT).


The New York Times Company (NYSE: NYT) has reported earnings for its third fiscal quarter (ending September 30) of $0.33 versus $0.22 for the same period a year ago — an increase of 50%. This result exceeded the consensus estimate of $0.29 by $0.04. For the latest four quarters through September 30, E.P.S. were $1.17 versus $1.04 for the same period a year ago — an increase of 12%.


Recent Price Action

The New York Times Company (NYSE: NYT) stock closed at $44.12 on 11/8/23 after a very large increase of 6.0%. The stock has risen 9.5% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, NYT is expected to continue to be an important Value Builder.

New York Times has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. New York Times has a poor Appreciation Score of 26 but a very high Power Rating of 89, resulting in the High Neutral Value Trend Rating.

Rating Review

In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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