Gannett Co., Inc. (NYSE:GCI) is reporting third quarter financial results on Tuesday 3rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, GCI is expected to report 3Q20 loss of $ 0.44 per share from revenue of $ 778.75 million.
For the full year, analysts anticipate top line of $ 3352.70 million, while looking forward to loss of $ 4.89 per share bottom line.
Previous Quarter Performance
Gannett Co., Inc. recorded loss for the second quarter of $ 0.33 per share, from the revenue of $ 767.00 million. The quarterly revenues up 89.67 percent compared with the same quarter last year. Street analysts expected Gannett Co., Inc. to report loss of $ 0.62 per share on revenue of $ 768.10 million for the second quarter. The bottom line results beat street analysts by $ 0.29 or 46.77 percent, at the same time, top line results fell short of analysts by $ 1.1 million or 0.14 percent.
Stock Performance
Shares of Gannett Co., Inc. traded low $ -0.01 or -0.87 percent on Monday, reaching $ 1.14 with volume of 3.30 million shares. Gannett Co., Inc. has traded high as $ 1.25 and has cracked $ 1.03 on the downward trend
The closing price of $ 1.14, representing a 82.54 % increase from the 52 week low of $ 0.63 and a 86.71 % decrease over the 52 week high of $ 8.65.
The company has a market capital of $ 155.39 million and is part of the Consumer Cyclical sector and Publishing industry.
Conference Call
Gannett Co., Inc. will be hosting a conference call at 8:30 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gannett.com
Gannett Co., Inc. operates as a media and marketing solutions company. The company operates through Publishing and ReachLocal segments.
