Gannett Co., Inc. (GCI), a diversified media conglomerate, came out with fourth-quarter 2014 adjusted earnings of $1.02 per share, a penny ahead of the Zacks Consensus Estimate and up 54.5% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2014 has decreased marginally in the last 30 days. However, if we look at Gannett’s performance in 2014, it gives an impressive picture. The company has posted positive earnings in all the trailing four quarters.
In the trailing four quarters, the company outperformed the Zacks Consensus Estimate by an average of 4.2%.
Revenues: Gannett’s sales of $1,701 million increased 24.3% from the year-ago figure driven by robust growth at Broadcasting and Digital segments. However, quarterly revenues missed the Zacks Consensus Estimate of $1,715 million.
Zacks Rank: Currently, Gannett carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Key Events: The company has resumed its share buyback program which was suspended in Aug 2014.
Check back later for our full write up on Gannett’s earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download
7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment