The McClatchy Company Fourth Quarter Earnings Sneak Peek

The McClatchy Company (NYSE:MNI) will unveil its latest earnings on Tuesday, February 7, 2012. McClatchy is a newspaper company in the United States.

The McClatchy Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 35 cents per share, a decline of 10.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of 49 cents per share, a decline of 27.9% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 8 cents, coming in at profit of 12 cents a share versus the estimate of net income of 4 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $347.8 million in revenue this quarter, a decline of 6% from the year ago quarter. Analysts are forecasting total revenue of $1.26 billion for the year, a decline of 8.7% from last year’s revenue of $1.38 billion.

A Look Back: In the third quarter, profit fell 21.1% to $9.4 million (11 cents a share) from $11.9 million (14 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 8.4% to $300.2 million from $327.7 million.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 8.1% in the second quarter from the year earlier, dropped 9.5% in first quarter from the year-ago quarter and 5.9% in the fourth quarter of the last fiscal year.

Stock Price Performance: During December 2, 2011 to February 1, 2012, the stock price had risen $1.24 (108.8%) from $1.14 to $2.38. The stock price saw one of its best stretches over the last year between September 26, 2011 and September 30, 2011 when shares rose for five-straight days, rising 8.9% (+11 cents) over that span. It saw one of its worst periods between March 8, 2011 and March 18, 2011 when shares fell for nine-straight days, falling 14.5% (-56 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com