2 Media Stocks Generating Trade Demand Pre Earnings
Gannett Co., Inc. (NYSE:GCI) will unveil its latest earnings on Monday, January 30, 2012. The average estimate of analysts is for profit of 69 cents per share, a decline of 16.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 68 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 69 cents during the last month. Analysts are projecting profit to rise by 13.5% versus last year to $2.11.
The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported net income of 44 cents per share against a mean estimate of 45 cents. Two quarters ago, it beat expectations by one cent with profit of 58 cents. Analysts are projecting a decline of 4.8% in revenue from the year-earlier quarter to $1.39 billion.
Competitors to Watch: The E.W. Scripps Company (NYSE:SSP), The New York Times Company (NYSE:NYT), The McClatchy Company (NYSE:MNI), News Corporation (NASDAQ:NWSA), Media General, Inc. (NYSE:MEG), Lee Enterprises, Inc. (NYSE:LEE), Journal Communications, Inc. (NYSE:JRN), A. H. Belo Corporation (NYSE:AHC), and Meredith Corporation (NYSE:MDP).
The McGraw-Hill Companies, Inc. (NYSE:MHP) will unveil its latest earnings on Tuesday, January 31, 2012. The average estimate of analysts is for net income of 57 cents per share, a rise of 3.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.85 per share, a rise of 5.9% from last year.
Last quarter, the company missed estimates by 2 cents, coming in at net income of $1.21 per share versus a mean estimate of profit of $1.23 per share. In the second quarter, the company beat estimates by one cent. On average, analysts predict $1.55 billion in revenue this quarter, a rise of 2% from the year ago quarter. Analysts are forecasting total revenue of $6.29 billion for the year, a rise of 1.9% from last year’s revenue of $6.17 billion.
Competitors to Watch: Reed Elsevier plc (NYSE:RUK), Thomson Reuters Corp. (NYSE:TRI), Reed Elsevier NV (NYSE:ENL), Gannett Co., Inc. (NYSE:GCI), Meredith Corporation (NYSE:MDP), Scholastic Corporation (NASDAQ:SCHL), Pearson PLC (NYSE:PSO), News Corporation (NASDAQ:NWSA), and The New York Times Company (NYSE:NYT).