Gannett (GCI) Tops Q3 EPS by 1c, Offers Guidance

Gannett (NYSE: GCI) reported Q3 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $711.7 million versus the consensus estimate of $721.5 million.

GUIDANCE:

Gannett sees FY2018 revenue of $2.9-2.94 billion, versus the consensus of $2.96 billion.

• Consolidated Adjusted EBITDA outlook of $325-330 million, compared to prior guidance of $337-345 million.
• Capital expenditures of $60-65 million.
• Depreciation and amortization of $140-145 million, excluding accelerated depreciation related to facility consolidations and including an estimated $6.0 million for depreciation and intangibles amortization related to WordStream.
• The non-operating cost associated with our pension plans, recorded in other non-operating items, is currently estimated to be a credit of $5-7 million as compared to an expense of $21.0 million in 2017.
• A non-GAAP effective tax rate of 25-26% (3).

For earnings history and earnings-related data on Gannett (GCI) click here.

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