Which analyst expects Gannett Co. Inc. (GCI) to perform well in the near future?

In the latest session, Gannett Co. Inc. (NYSE: GCI) closed at 1.98 down -5.71% from its previous closing price of $2.10. In other words, the price has decreased by $-0.1200 from its previous closing price. On the day, 1339369 shares were traded. GCI reached its highest trading level at $2.1500 during the session, while it also had its lowest trading level at $1.9800.

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For a deeper understanding of Gannett Co. Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 2.66 whereas as Long-Term Debt/Eq ratio is at 2.53.

Upgrades & Downgrades

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 08 when Reed Michael bought 500,000 shares for $2.44 per share. The transaction valued at 1,220,000 led to the insider holds 1,836,335 shares of the business.

Louis John Jeffry sold 7,604 shares of GCI for $27,679 on May 25. The Director now owns 0 shares after completing the transaction at $3.64 per share. On Mar 14, another insider, Tarica Laurence, who serves as the Director of the company, bought 70,000 shares for $4.20 each. As a result, the insider paid 294,000 and bolstered with 620,263 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 0.59.

Stock Price History:

Over the past 52 weeks, GCI has reached a high of $7.03, while it has fallen to a 52-week low of $1.98. The 50-Day Moving Average of the stock is 2.4884, while the 200-Day Moving Average is calculated to be 3.9659.

Shares Statistics:

For the past three months, GCI has traded an average of 1.35M shares per day and 1.35M over the past ten days. A total of 137.13M shares are outstanding, with a floating share count of 134.72M. Insiders hold about 3.10% of the company’s shares, while institutions hold 68.60% stake in the company. Shares short for GCI as of Jul 14, 2022 were 16.1M with a Short Ratio of 10.58, compared to 16.88M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 10.99% and a Short% of Float of 13.42%.

Earnings Estimates

There are 1 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.03 and a low estimate of $0.03, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.17, with high estimates of $0.17 and low estimates of $0.17.

Analysts are recommending an EPS of between $0.38 and $0.38 for the fiscal current year, implying an average EPS of $0.38. EPS for the following year is $0.15, with 2 analysts recommending between $0.64 and $-0.33.

Revenue Estimates

A total of 1 analysts believe the company’s revenue will be $788.1M this quarter.It ranges from a high estimate of $788.1M to a low estimate of $788.1M. As of the current estimate, Gannett Co. Inc.’s year-ago sales were $804.27M, an estimated decrease of -2.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $789.1M, a decrease of -3.50% less than the figure of $-2.00% in the same quarter last year. There is a high estimate of $789.1M for the next quarter, whereas the lowest estimate is $789.1M.

A total of 2 analysts have provided revenue estimates for GCI’s current fiscal year. The highest revenue estimate was $3.14B, while the lowest revenue estimate was $3.11B, resulting in an average revenue estimate of $3.13B. In the same quarter a year ago, actual revenue was $3.21B, down -2.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $3.08B in the next fiscal year. The high estimate is $3.15B and the low estimate is $3.02B. The average revenue growth estimate for next year is down -1.40% from the average revenue estimate for this year.