Last quarter Gannett topped estimates by 3 cents per share, and it is scheduled to report again on Monday.
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Analysts currently expect Gannett to come in with earnings of 53 cents per share on revenues of $1.32 billion. Analysts gave estimates ranging from 52 cents per share to 53 cents per share. Over the past three months, the average estimate has moved down from 56 cents.
Last Quarter's Results
In the first quarter, profit fell 24.6% to $68.2 million (28 cents a share) from $90.5 million (37 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 2.6% to $1.22 billion from $1.25 billion.
Analysts think investors should stand pat on Gannett with five of nine analysts rating it hold. That rating hasn't budged in three months as the average analyst rating of the stock has remained steadfast.
The stock price has been falling recently The share price has fallen 19 cents since July 2, 2012.
Company Fundamental Trends In terms of revenue, the company hopes that this earnings announcement will help it rebound from streak of four straight quarters of decreases. Revenue fell 2.2% over the second quarter of the last fiscal year, 3.5% in third quarter of the last fiscal year and 5.1% in the fourth quarter of the last fiscal year and continued to drop first quarter. Profit has fallen by a year-over-year average of 20.4% during the previous four quarters, and the company is will try to reverse trend of recent drops in profit leading up to this earnings announcement.
Reporting Period: 2Q
Date of Release: Monday, July 16, 2012 before market open
EPS: 53 cents
Revenue Estimate: $1.32 billion