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Thursday, August 8, 2019
Tribune Publishing Company (TPCO)
Another Beat And Raise; Will Investors Take Notice?
Tribune Publishing Co, formerly Tronc Inc is a print and online media company that publishes various newspapers and websites, such as The Chicago Tribune, Los Angeles Times, Baltimore Sun, San Diego Union-Tribune, and the Orlando Sentinel. The company creates and distribute content across its media portfolio, offering integrated marketing, media, and business services to consumers and advertisers, including digital solutions and advertising opportunities.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Overachieves second quarter. Revenues were $250.3 million, which was better than our $243.7 million estimate. Cash flow (Adj. EBITDA) beat our expectation ($24.4 million versus our estimate of $20.5 million). The company benefited from a sequential improvement in print advertising trends and strong revenue growth at Best Reviews (up 43%).
- Better than expected Q3 guidance. Q3 revenue is expected between $235 mil. and $240 mil., which is better than our $227.9 mil. estimate. In addition, adjusted EBITDA guidance range of...
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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.