Coming Soon: Gannett Earnings

Seth Jayson, The Motley Fool
Updated

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 thisarticle 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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