Sunday, April 15, 2012

Earnings | Q1 financial report set for tomorrow

Wall Street media stock analysts have tempered their forecasts for Gannett's first-quarter revenue and earnings report, which Corporate is scheduled to release before stock markets open at 9:30 a.m. ET tomorrow.

On average, they expect the company to report earnings of 31 cents per share, down 24% from the same quarter a year ago. Revenue is forecast at $1.24 billion, down about 1% from a year ago. That's according to the most recent survey results by Thomson Financial.

As recently as 60 days ago, analysts had forecast earnings of 40 cents a share.

Martore
GCI's stock closed Friday at $15.04. Year to date, shares are up 12.5% vs. a smaller 9% for the broader S&P 500 index, according to Google Finance.

Tomorrow's report should be released by about 8:30 a.m. ET. Then, at 10 a.m., CEO Gracia Martore will host a conference call with analysts to discuss the report. That call will be webcast and is open to the public on a listen-only basis. (Details.)

I plan to live-blog the call.

12 comments:

  1. This comment has been removed by a blog administrator.

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  2. Should be an "earnings tweet"...

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  3. 1st quarter will be soft. Look for better news mid-year, with lots of tv ads for the Nov. elections and lower headcounts kicking in.

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  4. Short this piece of shit stock! There is NO GROWTH at all.

    The revenues keep declining and Gracia keeps cutting.

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  5. Can't wait to listen in and hear Martore squirm why Banikarim feeds her the worthless spins.

    Party on with all your gal-pals, ladies.

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    1. Pretty sexist. Did you write similar pros when men ran the company?

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  6. Sure the stock's up ahead of the earnings news... "Buy on rumor, sell on news." Prepare for a drop Monday ...

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  7. The C level analysts who cover Gannett rarely ask the tough question of management. they are used to getting stonewalled.

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  8. Sell while the shares up and buy when these down.

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  9. 6:14, uh, yes. The prose is the same because the story hasn't changed.

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  10. Gannett results down on advertising slump
    * Q1 EPS $0.28 vs. $0.37 yr-ago
    * Total revenue down 2.6 pct in line with analysts' forecast
    * Publishing advertising revenue down 8.4 pct
    http://www.reuters.com/article/2012/04/16/gannett-idUSL2E8FDF2B20120416

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  11. 6:35, revenue from political ads is only a temporary spike. If Gannett can not grow revenue from new and long-term users, they will continue to have serious revenue issues.

    Political advertising is like a jolt of caffeine to a tired person. It creates a brief spike in alertness before wearing off and you're back to being tired again.

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