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Relatively High Forward Earnings Yield Detected in Shares of Gannett Co Inc in the Publishing Industry (GCI, NEWM, MDP, SCHL, NWSA)

By James Quinn

Below are the three companies in the Publishing industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.

Gannett Co Inc ranks highest with a forward earnings yield of 11.9%. New Media Invest is next with a forward earnings yield of 8.9%. Meredith Corp ranks third highest with a forward earnings yield of 6.7%.

Scholastic Corp follows with a forward earnings yield of 4.4%, and News Corp-Cl A rounds out the top five with a forward earnings yield of 3.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Scholastic Corp on March 6th, 2019 by issuing a Downtrend alert when the shares were trading at $40.54. Since that call, shares of Scholastic Corp have fallen 18.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest forward earnings yield gannett co inc new media invest meredith corp scholastic corp news corp-cl a