S&P 500 (NYSE:SPY) component Gannett (NYSE:GCI) will unveil its latest earnings tomorrow, Monday, February 4, 2013. Gannett is an international news and information company operating mainly in the realms of publishing, digital and broadcasting.
Gannett Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 88 cents per share, a rise of 22.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 86 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 88 cents during the last month. Analysts are projecting profit to rise by 8.9% compared to last year’s $2.32.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of 56 cents per share against a mean estimate of net income of 54 cents per share.
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A Look Back: In the third quarter, profit rose 33.4% to $133.1 million (56 cents a share) from $99.8 million (41 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.4% to $1.31 billion from $1.27 billion.
Here’s how Gannett traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: