Lee Enterprises, Incorporated (LEE) Reports Q4 Loss, Misses Revenue Estimates

Core Viewpoint - Lee Enterprises reported a quarterly loss of $1.69 per share, significantly missing the Zacks Consensus Estimate of $0.65, marking a -360% earnings surprise [1] - The company has consistently failed to meet consensus EPS and revenue estimates over the last four quarters [2] Financial Performance - For the quarter ended September 2024, Lee Enterprises posted revenues of $158.57 million, which was 6.66% below the Zacks Consensus Estimate and down from $164.01 million a year ago [2] - The current consensus EPS estimate for the upcoming quarter is $0.45, with expected revenues of $156.66 million, and for the current fiscal year, the EPS estimate is $0.57 on revenues of $617.68 million [7] Stock Performance - Lee Enterprises shares have increased approximately 111.6% since the beginning of the year, outperforming the S&P 500's gain of 27.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Outlook - The Publishing - Newspapers industry, to which Lee Enterprises belongs, is currently ranked in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]