Earnings Preview: Lear Corp, MetroPCS, Monster Worldwide, NYT

Earnings Preview: Lear Corp, MetroPCS, Monster Worldwide, NYT
geralt / Pixabay

Earnings season continues Thursday morning as Lear Corporation (NYSE:LEA), MetroPCS Communications Inc (NYSE:PCS), Mead Johnson Nutrition CO (NYSE:MJN), Monster Worldwide, Inc. (NYSE:MWW) and The New York Times Company (NYSE:NYT) report their first-quarter earnings for 2013.

Play Quizzes 4

Earnings Preview: Lear Corp, MetroPCS, Monster Worldwide, NYT

Lear Corporation (NYSE:LEA) is expected to announce earnings of $1.11 cents per share on revenue of $3.7 billion, according to a consensus average of analysts polled by Bloomberg. The company surprised to the positive by more than 14 percent on earnings per share during the first quarter of last year, and came in in-line with consensus for revenue during that quarter.

This Fund Manager Correctly Warned Of Stocks Becoming Correlated With Bonds

Getty Images OatlyClint Carlson's Double Black Diamond Fund returned 3.94% for April, bringing its year-to-date return to 5.27%. All of the fund's business units were in the green for April except its event-driven strategy, which declined nine basis points. Year to date, all units except for the event-driven strategy are in the green, with the event-driven book Read More

Analysts are looking for MetroPCS Communications Inc (NYSE:PCS) to report earnings per share of 9 cents on revenue of $1.3 billion. The company’s revenue in each of the four quarters last year was also $1.3 billion. It surprised to the negative by more than 67 percent in earnings per share in the first quarter of last year.

The company is currently in the middle of a pending merger with Deutsche Telekom AG (FRA:DTE) (PINK:DTEGY) (ETR:DTE) subsidiary T-Mobile USA. After much controversy as shareholders voiced concerns that Deutsche Telekom AG (FRA:DTE) (PINK:DTEGY) (ETR:DTE) would receive most of the benefits from the merger and that the new company would start with too much debt, MetroPCS Communications Inc (NYSE:PCS)’s board voted through the second proposal from Deutsche Telekom AG (FRA:DTE) (PINK:DTEGY) (ETR:DTE).

The new deal reduces the debt the company starts with to $11.2 billion and slashes the interest rate on that debt to half of what it was in the initial offer. Several shareholders, including hedge fund manager John Paulson, have said they will vote in favor of the deal, paving the way for the merger with T-Mobile USA.

Mead Johnson Nutrition CO (NYSE:MJN) is expected to report earnings of 86 cents per share on revenue of $1 billion for the first quarter of the year. In the same quarter a year ago, the company reported 82 cents per share, a positive surprise of more than 5 percent, on revenue of $987 million, which was just above consensus.

Analysts expect Monster Worldwide, Inc. (NYSE:MWW) will report first-quarter earnings of 8 cents on revenue of $211 million. The numbers are flat with the company’s fourth-quarter report and a significant drop in revenue from the same quarter a year ago, which was $246 million.

Consensus for The New York Times Company (NYSE:NYT) is earnings of 4 cents per share on $470 million in revenue. The media company surprised to the positive by almost 300 percent in earnings per share for the same quarter a year ago, although revenue for that quarter was in line with expectations of $499 million.

The company announced earlier this year that it’s looking to sell the Boston Globe and other assets in New England. Over the last few years, The New York Times Company (NYSE:NYT) has been in the process of spinning off all its non-core assets other than its flagship New York Times newspaper and its International Herald Tribune.

Also The New York Times is still facing questions about its journalistic integrity in the wake of the questionable review of Tesla Motors Inc (NASDAQ:TSLA)’s Model S sedan, which was written by reporter John Broder.

Updated on

Michelle Jones is editor-in-chief for ValueWalk.com and has been with the site since 2012. Previously, she was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Email her at Mjones@valuewalk.com.
Previous article Earnings: Eli Lilly & Co (LLY), GlaxoSmithKline plc (GSK), Novartis AG
Next article Barclays PLC Q1 Profit Declines 25%, I-Banking Saves the Day

No posts to display