Post-earnings recap
Reported
Wed, Aug 5, 2026
EPS actual
$0.69
EPS est.
$0.67
EPS surprise
+2.99%
1-day move
-13.40%
The New York Times Company reported an EPS that exceeded expectations, but did not provide revenue figures. Despite the earnings beat, the stock dropped significantly by 13.4%, indicating investor concerns that were not addressed in the earnings report or call. The lack of revenue information and guidance may have contributed to the negative stock reaction.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.69 | $0.67 | +2.99% |
| Revenue | — | $752M | — |
No transcript is on record, so the analysis is based solely on numerical results.
The New York Times Company (NYT) is a leading media organization known for its journalism and digital subscriptions. As part of the Communication Services sector, it plays a significant role in the publishing industry, adapting to trends like digital content consumption and changing reader preferences.
Last quarter
In Q1 2026, The New York Times reported an EPS of $0.61, significantly beating expectations of $0.49. The stock reacted positively, rising by over 8% the next day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+11.43%
Avg 1-day reaction
-1.97%
Analysts are cautiously optimistic about NYT's upcoming earnings, expecting solid EPS and revenue figures. The company has a strong track record of beating earnings estimates, which could bolster investor confidence.
Bull case
If NYT exceeds EPS expectations and shows strong revenue growth, it could indicate robust demand for its digital offerings, leading to a significant stock price increase.
Bear case
Conversely, if the company fails to meet expectations or provides weak guidance, it could raise concerns about subscriber growth and overall financial health, leading to a drop in stock price.
Key metrics to watch
EPS
0.67Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.
Revenue
752MRevenue figures reflect the company's ability to generate sales and are crucial for understanding growth trends.
The print will turn on these.
Q1
Will EPS exceed the consensus estimate of $0.67?
A beat on EPS could reinforce investor confidence in NYT's growth strategy and subscriber retention.
Q2
What is the outlook for revenue growth, particularly in digital subscriptions?
Investors will closely watch revenue guidance to assess the company's ability to sustain growth in a competitive media landscape.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±12.7%
Why consensus could be wrong
The consensus may underestimate the impact of NYT's recent content initiatives, which could drive higher subscriber engagement than anticipated.
Supporting evidence
The company has consistently beaten EPS estimates, suggesting a stronger operational performance.
Recent investments in digital content may not be fully reflected in revenue projections.
The options market is pricing in a significant move, indicating that investors expect more volatility than the consensus suggests.
Key risk
If subscriber growth exceeds expectations, it could challenge the current consensus outlook.
Pre-commit to what would confirm each case.
This quarter's performance will hinge on NYT's ability to maintain its subscriber base and generate revenue amidst evolving market dynamics.
Bull confirmed if
An EPS of $0.70 or higher, along with revenue exceeding $755M, would confirm strong operational performance.
Bear confirmed if
An EPS below $0.65 or revenue falling short of $750M would raise concerns about growth prospects.
What the market is pricing for the move.
Implied Move
±15.76%
Historical Avg
±7.9%
The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.
Options are pricing ±15.8% while NYT has averaged ±7.9% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
33.5%
Smart-money positioning from the most recent 13F filings.
Institutional
95.76%
of float
Insider
11.29%
of float
Holders
829
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
15,741,591 sh · $1.0B
9.81%
4.0%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If NYT beats expectations, history suggests a potential stock increase of around 0.13%, confirming the company's growth trajectory.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further commentary from management.
Miss
A miss could lead to a decline, with historical patterns indicating a potential drop based on the average reaction to missed earnings.
The lines on the call that would change the story.
Berkshire Hathaway, Inc
15,700,000 sh · $1.0B
9.78%
3.6%
AQR Capital Management, LLC
9,053,710 sh · $587.6M
5.64%
10.7%
Linonia Partnership LP
9,034,044 sh · $586.3M
5.63%
Flat
T. Rowe Price Investment Management, Inc.
8,054,186 sh · $522.7M
5.02%
-14.0%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.