Earnings Preview For Gannett Co

Gannett Co (NYSE:GCI) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.

Analysts estimate that Gannett Co will report an earnings per share (EPS) of $-0.07.

The announcement from Gannett Co is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

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.

Here's a look at Gannett Co's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.05

-0.36

0.08

-0.01

EPS Actual

0.19

-0.26

-0.13

-0.18

Price Change %

-5.0%

4.0%

4.0%

1.0%

Analyst Observations about Gannett Co

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Gannett Co.

Analysts have provided Gannett Co with 2 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $5.1, suggesting a potential 10.21% downside.

Analyzing Analyst Ratings Among Peers

This comparison focuses on the analyst ratings and average 1-year price targets of ...