New York Times (NYT) is expected to report Q2 earnings on Thursday, July 21 with a conference call scheduled for 11:00 am ET.
Analysts are looking for EPS of 9c on revenue of $577.34M. The consensus range is 6c-12c for EPS, and $569.5M-$584.38M for revenue, according to First Call. In April, the company said it would continue to pursue opportunities to aggressively reduce costs, noting that it had seen an uptick in print circulation orders early in Q2. By removing a wealth of free content from its website, the company compelled some customers back toward its print offerings, Business Insider said in June, and a company executive said they are, "seeing an uptick in new print orders in all frequencies -- 7 days, Weekender, and Sunday." Shares of New York Times were recently upgraded to neutral from Sell at UBS based on improved print trends and improved digital add and paywall revenues. Analysts and investors will listen for comments from the company on its efforts to overcome a drop in newspaper advertising. Additionally, the company is expected to provide more insight into how many readers are paying the online fees.