Gannett
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Gannett's revenues will grow 2.3% and EPS will grow 20.5%.
The average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $0.53.
Revenue details
Last quarter, Gannett booked revenue of $1.31 billion. GAAP reported sales were 2.1% lower than the prior-year quarter's $1.33 billion.
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 $0.56. GAAP EPS of $0.51 for Q2 were 18% lower than the prior-year quarter's $0.62 per share.
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 44.8%, 20 basis points better than the prior-year quarter. Operating margin was 17.0%, 160 basis points worse than the prior-year quarter. Net margin was 9.2%, 220 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $5.26 billion. The average EPS estimate is $2.21.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 321 members out of 443 rating the stock outperform, and 122 members rating it underperform. Among 127 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 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 $16.33.
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