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.
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)