Gannett Co. (GCI) to Release Earnings on Monday
Gannett Co. (NYSE:GCI) is set to post its Q313 quarterly earnings results on Monday, October 21st. Analysts expect Gannett Co. to post earnings of $0.45 per share and revenue of $1.27 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Gannett Co. (NYSE:GCI) last announced its earnings results on Monday, July 22nd. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.59 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts expect Gannett Co. to post $2.12 EPS for the current fiscal year and $2.98 EPS for the next fiscal year.
Gannett Co. (NYSE:GCI) opened at 26.95 on Friday. Gannett Co. has a 1-year low of $16.35 and a 1-year high of $27.14. The stock has a 50-day moving average of $25. and a 200-day moving average of $23.79. The company has a market cap of $6.175 billion and a P/E ratio of 13.92.
A number of analysts have recently weighed in on GCI shares. Analysts at Zacks reiterated a “hold” rating on shares of Gannett Co. in a research note to investors on Wednesday, October 9th. They now have a $27.00 price target on the stock. On the ratings front, analysts at UBS AG cut their price target on shares of Gannett Co. from $27.00 to $25.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Gannett Co. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Gannett Co. presently has a consensus rating of “Buy” and an average target price of $26.72.
Gannett Co, Inc is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.
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