Gannett Co Inc reports results for the quarter ended in January 1 - Earnings Summary

USA TODAY Co

01/11/2024 03:47

* Gannett Co Inc  GCI.N  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of four analysts for the quarter
was for a loss of 7 cents per share. Wall Street expected
results to range from -17 cents to 4 cents per share.
    * Revenue fell 6.2% to $612.44 million from a year ago;
analysts
expected $635.21 million. 
    * Gannett Co Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $19.65 million.
    * Gannett Co Inc shares had risen by 3.4% this quarter and
gained 152.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
publishing
peer group is  "hold."

Wall Street's median 12-month price target for Gannett Co Inc is
5.55 
This summary was machine generated from LSEG data November 1 at
03:47 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.07          -0.14          Missed
 Jun. 30 2024      -0.06          0.09           Beat
 Mar. 31 2024      -0.36          -0.60          Missed
 Dec. 31 2023      0.06           -0.16          Missed