Coming Soon: Gannett Earnings

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Gannett (NYS: GCI) is expected to report Q2 earnings on July 16. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Gannett's revenues will drop 1.2% and EPS will shrink 8.6%.

The average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $0.53.


Revenue details
Last quarter, Gannett tallied revenue of $1.22 billion. GAAP reported sales were 2.6% lower than the prior-year quarter's $1.25 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.34. GAAP EPS of $0.28 for Q1 were 24% lower than the prior-year quarter's $0.37 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 40.7%, 200 basis points worse than the prior-year quarter. Operating margin was 11.5%, 340 basis points worse than the prior-year quarter. Net margin was 5.6%, 160 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $5.27 billion. The average EPS estimate is $2.18.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 320 members out of 441 rating the stock outperform, and 121 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Gannett a green thumbs-up, and 33 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gannett is outperform, with an average price target of $16.72.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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