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

USA TODAY Co

02/05/2024 20:51

* Gannett Co Inc  GCI.N  reported a quarterly adjusted loss
of 60
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 7
cents.  The mean expectation of three analysts for the quarter
was for a loss of 36 cents per share. Wall Street expected
results to range from -55 cents to -8 cents per share.
    * Revenue fell 5% to $635.76 million from a year ago;
analysts
expected $625.30 million. 
    * Gannett Co Inc's reported EPS for the quarter was a loss
of 60
cents​.
    * The company reported a quarterly loss of $84.77 million.
    * Gannett Co Inc shares had fallen by 1.2% this quarter and
gained 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 185.1% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the consumer
publishing
peer group is also "hold"

Wall Street's median 12-month price target for Gannett Co Inc is
$2.00 
This summary was machine generated from LSEG data May 2 at 07:50
p.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
 Mar. 31 2024      -0.36          -0.60          Missed
 Dec. 31 2023      0.06           -0.16          Missed
 Sep. 30 2023      -0.01          -0.02          Missed
 Jun. 30 2023      -0.05          -0.09          Missed