Gannett (GCI) Q1 Earnings Beat Estimates, Revenues Miss - Tale of the Tape
Gannett Co., Inc. (GCI), a diversified media conglomerate, came out with first-quarter 2015 adjusted earnings of 49 cents per share, ahead of the Zacks Consensus Estimate of 45 cents and up 4.3% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2015 has been flat over the last 30 days. However, if we look at Gannett’s performance in the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 5.9%.
Revenues: Gannett’s sales of $1,472.8 million advanced 4.9% from the year-ago figure driven by robust growth at Broadcasting and Digital segments. However, quarterly revenues missed the Zacks Consensus Estimate of $1,525 million.
Zacks Rank: Currently, Gannett carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
Key Events: During the quarter, the company bought back about 1.1 million shares for $37.5 million.
Check back later for our full write up on Gannett’s earnings report!
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GANNETT INC (GCI): Free Stock Analysis Report
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