Earnings Preview: Gannett Reports Q3 Results Monday

Oct.12.11 | About: Gannett Co., (GCI)

Gannett Co., Inc. (NYSE:GCI) is due to report earnings before the opening bell on October 17, 2011.

Overview
GCI trades an average of 5.6 million shares per day.

Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. Its Publishing segment publishes 83 daily U.S. newspapers. The company was founded in 1906 and is headquartered in McLean, Virginia.

52-Week High: $18.93
52-Week Low: $8.28
Book Value: $10.09
Float Short: 12.63%

On average, analysts are expecting a drop of $-0.13 in earnings per share compared to last quarter's results of $0.58. Investors will be looking to top $0.45 per share, based on the estimated mean earnings. Analyst estimates range between $0.43 and $0.47 per share.

The stock has moved higher in price 9.72% in the last month, with a one-year change of -21.34%. Compared to the S&P 500, the year-to-date difference is -24.43%.

Revenue year-over-year has decreased to $5.44 billion for 2010 vs. $5.51 billion for 2009. The bottom line has rising earnings year-over-year of $588.20 million for 2010 vs. $355.27 million for 2009. The company's earnings before income and taxes are rising, with an EBIT year-over-year of $999.70 million for 2010 vs. $718.92 million for 2009.

paid2trade.com revenue gross bar chart for GCI Click to enlarge

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 1.33 B $ 1.33 B $ 4.95 M 0.37%
Mar-11 $ 1.26 B $ 1.25 B $ -3.94 M -0.31%
Dec-10 $ 1.47 B $ 1.46 B $ -12.15 M -0.82%
Sep-10 $ 1.33 B $ 1.31 B $ -12.77 M -0.96%
Jun-10 $ 1.40 B $ 1.37 B $ -35.44 M -2.53%
Click to enlarge
M = millions; B = billions.
Differences are rounded.
Some one-time items are often excluded in reported EPS.


Click to enlarge

Reported earnings per share compared to the mean estimate. Differences are rounded.

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Click to enlarge

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