Gannett Past Earnings Performance

Past criteria checks 0/6

Gannett has been growing earnings at an average annual rate of 21.7%, while the Media industry saw earnings growing at 11.6% annually. Revenues have been growing at an average rate of 7.1% per year.

Key information

21.7%

Earnings growth rate

25.9%

EPS growth rate

Media Industry Growth	13.2%
Revenue growth rate	7.1%
Return on equity	-52.8%
Net Margin	-4.7%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Miller Value Partners - Gannett: An Opportunity To Unlock Significant Equity Value

May 04

Gannett: A Turnaround Requiring Patience

Apr 27

Is Gannett (NYSE:GCI) Using Too Much Debt?

Dec 22

Gannett's Bet On Sports Gambling Has Great Odds

Oct 22

Gannett Stock: Another Blowout Quarter For This Undiscovered Gem

Aug 24

Gannett: One Of The Greatest Values Left In Today's Stock Market

Jul 14

Is Gannett (NYSE:GCI) Using Too Much Debt?

Jun 09

Gannett EPS misses by $0.93

May 07

What Is The Ownership Structure Like For Gannett Co., Inc. (NYSE:GCI)?

Feb 28

Revenue & Expenses Breakdown
Beta

How Gannett makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:GCI Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	2,630	-123	725
31 Dec 23	2,664	-28	726
30 Sep 23	2,725	28	725
30 Jun 23	2,790	-24	741
31 Mar 23	2,866	-65	768
31 Dec 22	2,945	-78	794
30 Sep 22	3,041	-133	837
30 Jun 22	3,123	-64	841
31 Mar 22	3,179	4	831
31 Dec 21	3,208	-135	807
30 Sep 21	3,257	-235	795
30 Jun 21	3,271	-281	817
31 Mar 21	3,234	-733	827
31 Dec 20	3,406	-670	928
30 Sep 20	3,229	-643	931
30 Jun 20	2,792	-631	827
31 Mar 20	2,429	-191	745
31 Dec 19	1,868	-120	593
29 Sep 19	1,585	-11	511
30 Jun 19	1,588	1	511
31 Mar 19	1,573	10	512
30 Dec 18	1,526	18	501
30 Sep 18	1,504	31	493
01 Jul 18	1,441	35	480
01 Apr 18	1,375	2	460
31 Dec 17	1,342	-1	446
24 Sep 17	1,281	-13	426
25 Jun 17	1,271	-8	419
26 Mar 17	1,263	23	419
25 Dec 16	1,255	32	415
25 Sep 16	1,255	74	424
26 Jun 16	1,261	77	424
27 Mar 16	1,245	79	417
27 Dec 15	1,196	68	406
27 Sep 15	1,049	23	341
28 Jun 15	902	12	295
29 Mar 15	761	-3	248
28 Dec 14	652	-3	212
28 Sep 14	626	941	192
29 Jun 14	587	816	181
30 Mar 14	548	806	169
29 Dec 13	517	796	166
29 Sep 13	482	-164	159
30 Jun 13	476	-43	152

Quality Earnings: GCI is currently unprofitable.

Growing Profit Margin: GCI is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GCI is unprofitable, but has reduced losses over the past 5 years at a rate of 21.7% per year.

Accelerating Growth: Unable to compare GCI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GCI is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (3.2%).

Return on Equity

High ROE: GCI has a negative Return on Equity (-52.76%), as it is currently unprofitable.

Gannett Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Gannett Co., Inc. to Report Q1, 2024 Results on May 02, 2024

Full year 2023 earnings: EPS misses analyst expectations

Gannett Co., Inc. to Report Q4, 2023 Results on Feb 22, 2024

Third quarter 2023 earnings released: US$0.02 loss per share (vs US$0.40 loss in 3Q 2022)

Gannett Co., Inc. to Report Q3, 2023 Results on Nov 02, 2023

Recent updates

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Gannett Co., Inc. Reiterates Earnings Guidance for the Full Year 2024 and Provides Earnings Guidance for the Full Year 2025 and 2026

Gannett Co., Inc. to Report Q1, 2024 Results on May 02, 2024

Consensus EPS estimates fall by 13%

Gannett Co., Inc., Annual General Meeting, Jun 03, 2024

Gannett Co., Inc.'s (NYSE:GCI) Price Is Right But Growth Is Lacking

Consensus EPS estimates fall by 537%

Full year 2023 earnings: EPS misses analyst expectations

Investor sentiment deteriorates as stock falls 16%

Gannett Co., Inc. Provides Earnings Guidance for the Year 2024, 2025 and 2026

Gannett Co., Inc. to Report Q4, 2023 Results on Feb 22, 2024

Gannett Co., Inc. Announces Statement Regarding Defamation Verdict

Chairman exercised options and sold US$126k worth of stock

Gannett: 4 Reasons Why I Am Cautious

Consensus EPS estimates fall from profit to US$0.028 loss

Independent Director recently bought US$370k worth of stock

Price target decreased by 9.4% to US$2.40

Chairman recently bought US$121k worth of stock

Third quarter 2023 earnings released: US$0.02 loss per share (vs US$0.40 loss in 3Q 2022)

Gannett Co., Inc. to Report Q3, 2023 Results on Nov 02, 2023

Gannett: Cash Flows Are Buried By Debt

CherryRoad Media Inc signed a definitive agreement to acquire Printing operations in Hutchinson, Kansas of Gannett Co., Inc. (NYSE:GCI).

Chairman recently bought US$263k worth of stock

Gannett Co., Inc. Announces Executive Changes

Price target increased by 14% to US$2.40

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Gannett Co., Inc. to Report Q2, 2023 Results on Aug 03, 2023

Gannett: Some Risks, But Artificial Intelligence Could Imply Undervaluation

Gannett Co., Inc. Appoints Chris Cho as President of Digital Marketing Solutions, Effective July 10, 2023

Gannett Co., Inc.(NYSE:GCI) dropped from S&P 600 Communication Services (Sector)

Forecast breakeven date moved forward to 2023

Gannett Co., Inc. Provides Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: EPS: US$0.07 (vs US$0.022 loss in 1Q 2022)

Consensus EPS estimates fall by 312%

Consensus EPS estimates upgraded to US$0.033 loss

Price target increased by 9.5% to US$2.30

Full year 2022 earnings: EPS exceeds analyst expectations

Gannett Q4 2022 Earnings Preview

Gannett Co., Inc. to Report Q4, 2022 Results on Feb 23, 2023

Gannet to use real estate sales proceed to cut debt

Chairman exercised options and sold US$886k worth of stock

Independent Director recently bought US$225k worth of stock

Insufficient new directors

Consensus EPS estimates fall by 24%

Price target decreased to US$1.85

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Gannett Co., Inc. Provides Earnings Guidance for the Full Year 2022

Gannett's Digital Transformation Remains On Track

Gannett Co., Inc. to Report Q3, 2022 Results on Nov 03, 2022

Gannett launches austerity measures; suspends hiring, offers separations

Gannett: New Cost Reduction Program And Undervalued

Chairman recently bought US$1.2m worth of stock

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Gannett Co., Inc. Provides Earnings Guidance for Full Year 2022

Gannett Q2 2022 Earnings Preview

High number of new directors

Gannett Co., Inc. to Report Q2, 2022 Results on Aug 04, 2022

Investor sentiment deteriorated over the past week

High number of new directors

Gannett Co., Inc. Appoints Vincent Cirel as Chief Technology Officer

Gannett Co., Inc. Elects Amy Reinhard as Director

Please Unlock Gannett's Value

A private investor group acquired Newport Life Magazine from Gannett Co., Inc. (NYSE:GCI).

First quarter 2022 earnings: EPS exceeds analyst expectations

Gannett Co., Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2022

Miller Value Partners - Gannett: An Opportunity To Unlock Significant Equity Value

Price target decreased to US$4.38

High number of new directors

Gannett: A Turnaround Requiring Patience

Revenue & Expenses Breakdown
Beta