Gannett Co. Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Gannett Co. stock have an average target of 5.37, with a low estimate of 5.00 and a high estimate of 6.00. The average target predicts an increase of 5.50% from the current stock price of 5.09.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$5.00	$5.37	$5.10	$6.00
Change	-1.77%	+5.50%	+0.20%	+17.88%

* Price targets were last updated on Sep 17, 2024.

Analyst Ratings

The average analyst rating for Gannett Co. stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	1	0	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	1	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jason Bazinet Citigroup	Citigroup	Strong Sell → Hold Upgrades $5.1	Strong Sell → Hold	Upgrades	$5.1	+0.20%	Sep 17, 2024
Jason Bazinet Citigroup	Citigroup	Hold → Strong Sell Downgrades $5.1	Hold → Strong Sell	Downgrades	$5.1	+0.20%	Aug 28, 2024
Matthew Condon JMP Securities	JMP Securities	Buy Initiates $6	Buy	Initiates	$6	+17.88%	Jul 1, 2024
Jason Bazinet Citigroup	Citigroup	Strong Sell → Hold Upgrades $1.95 → $3.6	Strong Sell → Hold	Upgrades	$1.95 → $3.6	-29.27%	May 24, 2024
Giuliano Bologna Compass Point	Compass Point	Strong Buy Initiates $5	Strong Buy	Initiates	$5	-1.77%	Dec 12, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

2.55B

from 2.66B

-4.15%

from 2.66B

Revenue Next Year

2.54B

from 2.55B

-0.67%

from 2.55B

EPS This Year

-0.60

from -0.20

EPS Next Year

-0.08

from -0.60

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.87B	3.41B	3.21B	2.95B	2.66B	2.55B	2.54B	2.54B
Revenue Growth	22.40%	82.33%	-5.80%	-8.19%	-9.57%	-4.15%	-0.67%	0.04%
EPS	-1.77	-5.09	-1.00	-0.57	-0.20	-0.60	-0.08	0.18
EPS Growth	-	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	28.58
No. Analysts	-	-	-	-	-	6	6	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	2.7B	2.7B	2.7B
Avg	2.6B	2.5B	2.5B
Low	2.5B	2.4B	2.3B

Revenue Growth

Revenue Growth	2024	2025	2026
High	0.1%	4.9%	6.7%
Avg	-4.2%	-0.7%	0.0%
Low	-7.5%	-6.6%	-7.9%

EPS Forecast

EPS	2024	2025	2026
High	-0.50	0.19	0.32
Avg	-0.60	-0.08	0.18
Low	-0.67	-0.38	0.01

EPS Growth

EPS Growth	2024	2025	2026
High	-	-	-
Avg	-	-	-
Low	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.