Gannett Co Inc expected to post a loss of 36 cents a share - Earnings Preview

USA TODAY Co

30/04/2024 15:15

* Gannett Co Inc  GCI.N   GCI  is expected to show a fall in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Pittsford New York-based  company is expected to
report a
6.5% decrease in revenue to $625.3 million from $668.92 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Gannett Co Inc is for a
loss
of 36 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Gannett Co
Inc is
$2.00​, below​ its last closing price of $2.42. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.08        0.06       -0.16     Missed  -374.3
 Sep. 30 0001  -0.01       -0.01      -0.02     Missed  -135.3
 Jun. 30 2023  -0.05       -0.05      -0.09     Missed  -65.1​
 Mar. 31 2023  -0.06       -0.06      0.07      Beat    216.7
 ​​Dec.        0.16        0.16       0.17      Beat    6.9
 31 2022                                                
 Sep. 30 2022  -0.15       -0.14      -0.39     Missed  -180.6
                                                        ​
 Jun. 30 2022  0.03        0.03       -0.39     Missed  -1,400
 Mar. 31 2022  -0.07       -0.07      -0.02     Beat    71.4
 This summary was machine generated April 30 at 14:15 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)