Thursday, April 07, 2011

Earnings | Analysts' EPS estimates slip a penny

Media stock analysts surveyed by Thomson Financial now expect Gannett will soon report earnings per share of 41 cents for the first quarter, down 18% from the first quarter of 2010.

The eight analysts also are forecasting revenue of $1.26 billion, a decline of 4.5% from a year ago. The EPS estimate is down from 42 cents earlier this week.

Any such declines would represent a stark reversal in what had been positive trends in EPS and revenue compared with actual results over the preceding three quarters. (Spreadsheet shows current estimates vs. actual results.)

GCI stock recently traded for $14.99 a share, down 21 cents, or 1.4%.

Corporate is scheduled to report quarterly results on April 18, a week from Monday.

Earlier: COO Gracia Martore cautions investors on outlook.

1 comment:


    Recovery, schmecovery.


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