The McClatchy Company Second Quarter Earnings Sneak Peek

The McClatchy Company (NYSE:MNI) will unveil its latest earnings on Friday, July 27, 2012. McClatchy is a newspaper company in the United States.

The McClatchy Company Earnings Preview Cheat Sheet

Analysts are projecting profit to rise by 2.9% versus last year to 68 cents.

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Stock Price Performance: Between April 26, 2012 and July 23, 2012, the stock price fell $1.16 (-43%), from $2.70 to $1.54. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 13, 2012, when shares rose for six straight days, increasing 11.4% (+29 cents) over that span. It saw one of its worst periods between May 18, 2012 and May 30, 2012 when shares fell for eight straight days, dropping 8.8% (-21 cents) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.18 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

A Look Back: In the first quarter, the company’s loss widened to a loss of a $2.1 million (2 cents a share) from a loss of $2 million (2 cents) a year earlier. Revenue fell 5.1% to $288.3 million from $303.7 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 8.1% in the second quarter of the last fiscal year, 8.4% in third quarter of the last fiscal year and 5% in the fourth quarter of the last fiscal year and then fell again in the first quarter.

Wall St. Revenue Expectations: On average, analysts predict $302.6 million in revenue this quarter, a decline of 3.7% from the year-ago quarter. Analysts are forecasting total revenue of $1.22 billion for the year, a decline of 3.9% from last year’s revenue of $1.27 billion.

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

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