The Washington Post Company Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Washington Post Company (NYSE:WPO) will unveil its latest earnings on Friday, August 5, 2011. The Washington Post Company operates as a diversified education and media company.

The Washington Post Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $5.87 per share, a decline of 42.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $5.91. For the year, analysts are projecting net income of $19.80 per share, a decline of 46.8% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of $4.30 per share versus a mean estimate of net income of $4.35 per share. In fourth quarter of the last fiscal year, the company beat estimates by 70 cents.

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Key Stats:

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 65.9% from the year earlier quarter, while the figure dropped 3.3% in the fourth quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In first quarter, revenue declined 9.2% to $1.06 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 3.9%.

Competitors to Watch: The New York Times Company (NYSE:NYT), Career Education Corp. (NASDAQ:CECO), The Princeton Review, Inc (NASDAQ:REVU), Apollo Group, Inc. (NASDAQ:APOL), DeVry Inc. (NYSE:DV), Gannett Co., Inc. (NYSE:GCI), Grand Canyon Education Inc (NASDAQ:LOPE), Corinthian Colleges, Inc. (NASDAQ:COCO), National American Univ. Hldgs., Inc. (NASDAQ:NAUH), Strayer Education, Inc. (NASDAQ:STRA), and Bridgepoint Education, Inc. (NYSE:BPI).

Stock Price Performance: During May 5, 2011 to August 1, 2011, the stock price had fallen $30.98 (-7.2%) from $430.14 to $399.16. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 14, 2010 when shares rose for 11-straight days, rising 13.1% (+$48.76) over that span. It saw one of its worst periods between August 9, 2010 and August 16, 2010 when shares fell for six-straight days, falling 18% (-$67.65) over that span. Shares are down $33.11 (-7.7%) year to date.

(Source: Xignite Financials)

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