NYT - Embedded Expectations Analysis - 2018 02 16
- The New York Times Company (NYT:USA) currently trades near recent highs relative to UAFRS-based (Uniform) Earnings, with a 23.1x Uniform P/E, implying bullish expectations for the firm. However, management has concerns about revenue, growth, and costs- Specifically, management may have concerns about worse than expected advertising revenue for the fourth quarter, and may be concerned about the challenges in the print advertising market. Additionally, they may lack confidence in their ability to successfully improve conversion through integrating their Cooking product into their different bundles, and may also lack confidence in their ability to meet digital growth targets. Furthermore, they may have concerns about their ability to sustain cost improvements, and may be exaggerating their success with the election cohort in terms of retention and churn
New York Times is a global media organization focused on creating, collecting and distributing news and information. The company's principal business consists of distributing content generated by its newsroom through its digital and print platforms. In addition to subscriptions to its digital news product, the company provides standalone subscriptions to other digital products, namely the company's Crossword and Cooking products. Certain digital news subscription packages include access to the company's Crossword and Cooking products. The company's products also include news and opinion podcasts, which are distributed both on its digital platforms and on third-party platforms.
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