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Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. As an investor, you want to buy stocks with the highest probability of success.
Gannett’s stock was trading at $2.03 at the start of the year. Since then, GCI shares have decreased by 1.5% and is now trading at $2.00. The company’s average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
The protest across 14 newsrooms follows recent layoffs and cost-cutting at the USA Today publisher. In 2022, Gannett Co.’s revenue was $2.95 billion, a decrease of -8.19% compared to the previous year’s $3.21 billion. Losses were -$78.00 million, -42.20% less than in 2021. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Gear advertisements and other marketing efforts towards your interests. One share of GCI stock can currently be purchased for approximately $2.00.
Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates through two segments, Gannett Media and Digital Marketing Solutions. The company also offers digital marketing solutions, such as online presence solutions, online advertising products, conversion software, and cloud-based software solutions. In addition, it produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co., Inc. in November 2019.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Gannett updated its FY 2023 earnings guidance on Thursday, February, 23rd. The company issued revenue guidance of $2.75 billion-$2.80 billion, compared to the consensus revenue estimate of $2.83 billion. The P/E ratio of Gannett is -3.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Inc. reported Thursday that it swung to a second-quarter net loss of $53.7 million, or 39 cents a share, from net income of $22.6 million, or 10 cents a share, in the year-ago period. Represents the company’s profit divided by the outstanding shares of its common stock. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Gannett does not have a long track record of dividend growth. Short interest in Gannett has recently increased by 3.50%, indicating that investor sentiment is decreasing. Please log in to your account or sign up in order to add this asset to your watchlist. Measures how much net income or profit is generated as a percentage of revenue.
More than 200 Gannett staffers stage one-day strike over wages
The Company’s segments include Publishing and Digital Marketing Solutions. The Publishing segment is comprised of core products over digital media brands, including USA TODAY, Sports+, and its local property network in the United States(U.S.) and the United Kingdom. USA TODAY includes its sports network and Reviewed.com (an affiliate…
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. With high flying growth stocks taking it on the chin in 2022, searching for deep value, cyclical stocks has led me to Gannett Co Inc. , a U.S.-based newspaper and digital media and m… According to 9 analysts, the average rating for GCI stock is “Sell.” The 12-month stock price forecast is $2.35, which is an increase of 17.50% from the latest price. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The technique has proven to be very useful for finding positive surprises.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Gannett Co., Inc. is a subscription-led and digitally focused media and marketing solutions company.
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We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Provide specific products and services to you, such as portfolio management or data aggregation. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. 1 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Gannett in the last year. The consensus among Wall Street research analysts is that investors should “sell” GCI shares.
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Gannett has doubled its daily average of shares traded over the last 3 months. High volumes usually indicate new trends and larger share price movements. Real-time analyst ratings, insider transactions, earnings data, and more.
Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
3 people have added Gannett to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Gannett has received a 37.61% net impact score from Upright. Gannett seems to create the most significant positive value in categories “Taxes”, “Distributing knowledge”, and “Jobs”.
The Group operate in two segments, Gannett Media and Digital Marketing Solutions. The majority of revenue is from the Gannett media segment. The company’s brands include USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream and others. The company produces more than 350 annual events, such as themed expos. Media company Newsquest to provide more than 150 local media brands.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. Gannett saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 14,010,000 shares, an increase of 5.4% from the January 31st total of 13,290,000 shares.
- That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
- Style is an investment factor that has a meaningful impact on investment risk and returns.
- Gannett has only been the subject of 1 research reports in the past 90 days.
Based on an average daily volume of 1,130,000 shares, the days-to-cover ratio is presently 12.4 days. Currently, 10.0% of the shares of the company are short sold. 1 brokerages have issued 1-year price targets for Gannett’s stock. Their GCI share price forecasts range from $2.60 to $2.60. On average, they anticipate the company’s share price to reach $2.60 in the next year.