The New York Times Company reports results for the quarter ended September 30 - Earnings Summary

• The New York Times Company NYT.N reported quarterly adjusted earnings of 68 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of nine analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 57 cents to 67 cents per share.

• Revenue rose 9.7% to $768.54 million from a year ago; analysts expected $766.87 million.

• The New York Times Company's reported EPS for the quarter was 60 cents​.

• The company reported quarterly net income of $97.36 million.

• The New York Times Company shares had risen by 5.4% this quarter and lost 3.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer publishing peer group is also "buy"

• Wall Street's median 12-month price target for The New York Times Company is $76.00, about 11.7% above its last closing price of $67.12

This summary was machine generated from LSEG data November 4 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)