Gannett (NYSE:GCI) reported Q4 EPS of $0.72, better than analyst estimates of $0.68 per share. Revenues for the quarter were $1.39 billion in-line with consensus estimates.
Gracia Martore, president and chief executive officer, said, "During a period of weak economic growth, Gannett once again differentiated itself within the media industry by delivering solid profitability across each of our market-leading business segments - publishing, broadcast and digital - as well as free cash flow of $775 million in 2011. Gannett's strong balance sheet and cash generation give us the flexibility to execute our growth strategy and successfully compete in the digital era while paying down debt and returning capital to shareholders."
Gannett (NYSE:GCI) has potential upside of 19.1% based on a current price of $14.83 and an average consensus analyst price target of $17.67.
Gannett is currently above its 50-day moving average (MA) of $13.13 and above its 200-day of $12.58.
In the last five trading sessions, the 50-day MA has climbed 3.13% while the 200-day MA has remained constant.
Gannett Co., Inc. is an international news and information company that publishes various daily newspapers in the United States and the United Kingdom, including USA TODAY and USA WEEKEND, a newspaper magazine. The Company also operates television stations in major United States markets as well as operates websites offering news, information and advertising.
