Gannett Co. (GCI) Earnings Preview: What to Expect on October 31st
Get ready for a crucial day for Gannett Co. (GCI) investors as the company prepares to release its latest quarterly earnings report on Thursday, October 31st. The announcement is eagerly anticipated, with investors hoping for news of exceeding estimates and positive guidance for the upcoming quarter.
What to Watch for in Gannett Co.’s Earnings Report
Analysts are predicting that Gannett Co. will report an earnings per share (EPS) of $-0.07. While this might seem discouraging, it’s important to remember that past performance doesn’t always dictate future results. Investors will be closely watching for signs that Gannett Co. is successfully navigating the evolving media landscape and adapting to the digital age.
Analyzing Gannett Co.’s Recent Performance
The company’s EPS beat by $0.24 in the last quarter, leading to a 5.31% drop in the share price on the following day. This highlights the volatile nature of the stock market and the impact of unexpected earnings results. Here’s a quick look at Gannett Co.’s past performance and the resulting price changes:
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Q2 2024:
EPS Estimate: -0.05; EPS Actual: 0.19; Price Change: -5.0%*
Q1 2024:
EPS Estimate: -0.36; EPS Actual: -0.26; Price Change: 4.0%*
Q4 2023:
EPS Estimate: 0.08; EPS Actual: -0.13; Price Change: 4.0%*
Q3 2023:
EPS Estimate: -0.01; EPS Actual: -0.18; Price Change: 1.0%Gannett Co. in the Spotlight: Analyst Insights and Peer Comparison
To get a broader understanding of market sentiments and expectations, it’s essential to analyze the perspectives of industry experts. Analysts have assigned Gannett Co. a consensus rating of Neutral, based on 2 ratings. The average one-year price target is $5.1, indicating a potential 10.21% downside.
However, it’s crucial to compare Gannett Co.’s performance with its peers. Let’s take a look at the New York Times, a major player in the industry:
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New York Times:
Consensus Rating: Buy; Average 1-Year Price Target: $56.0, suggesting a potential 885.92% upside.This comparison highlights the differing market expectations and potential growth prospects for these media companies.
Key Financial Metrics to Consider
Here’s a summary of Gannett Co.’s key financial metrics, providing a clearer picture of the company’s financial health:
| Metric | Gannett Co. | New York Times |
|—|—|—|
| Consensus Rating | Neutral | Buy |
| Revenue Growth | -4.84% | 5.80% |
| Gross Profit | $248.37M | $302.32M |
| Return on Equity | 5.69% | 3.69% |
Gannett Co. Overview: A Digital Newspaper Company
Gannett Co. Inc. is a prominent digital newspaper company, providing local media and marketing solutions across the United States. The company’s operations are divided into three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The Domestic Gannett Media segment is the company’s primary revenue generator, encompassing renowned brands like USA TODAY and over 250 daily newspapers. Gannett Co. also offers a wide range of digital marketing services through companies such as ReachLocal and WordStream. Beyond its core media operations, the company organizes over 350 annual events, including themed expos. Gannett Co.’s global presence extends to the United Kingdom through Newsquest, a local media company with over 150 brands.
Looking Ahead: What to Expect from Gannett Co.
Gannett Co. faces significant challenges and opportunities in the media landscape. The company’s ability to adapt to the digital age, manage costs effectively, and capitalize on new revenue streams will be crucial for its future success. The earnings announcement on October 31st will offer investors valuable insights into Gannett Co.’s progress and direction.