Yahoo Finance Gannett First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Gannett (NYSE:GCI) First Quarter 2024 Results
Key Financial Results
Revenue: US$635.8m (down 5.0% from 1Q 2023).
Net loss: US$84.8m (down from US$10.3m profit in 1Q 2023).
US$0.60 loss per share (down from US$0.075 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gannett Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 21%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Media industry in the US.
Performance of the American Media industry.
The company's shares are up 19% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Gannett, and understanding this should be part of your investment process.
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