Gannett Co Inc reports results for the quarter ended March 31 - Earnings Summary

• Gannett Co Inc GCI.N reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -60 cents. The mean expectation of four analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -16 cents to 10 cents per share.

• Revenue fell 10.1% to $571.57 million from a year ago; analysts expected $593.10 million.

• Gannett Co Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $7.33 million.

• Gannett Co Inc shares had risen by 10.7% this quarter and lost 36.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 77.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the consumer publishing peer group is "hold."

• Wall Street's median 12-month price target for Gannett Co Inc is $4.80

This summary was machine generated from LSEG data May 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)