AMC Networks Inc expected to post earnings of $1.52 a share - Earnings Preview

AMC Global Media

07/08/2024 15:47

* AMC Networks Inc  AMCX.OQ   AMCX.O  is expected to show a
fall
in quarterly revenue when it reports  results on August 9 for
the period ending June 30 2024
    * The New York City-based  company is expected to report a
11.4% decrease in revenue to $601.343 million from $678.63
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for AMC Networks Inc is for
earnings of $1.52 per share. 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for AMC
Networks Inc
is $12.00​, above​ its last closing price of $10.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.73        1.67       1.16      Missed  -30.4
 Dec. 31 2024  0.96        0.89       0.72      Missed  -19.4
 Sep. 30 2023  1.28        1.28       1.85      Beat    45​
 Jun. 30 2023  1.62        1.60       2.02      Beat    26
 ​​Mar.        1.84        1.87       2.62      Beat    40.4
 31 2023                                                
 Dec. 31 2022  1.08        1.20       2.52      Beat    109.9​
 Sep. 30 2022  1.77        1.77       2.09      Beat    17.8
 Jun. 30 2022  2.33        2.31       2.06      Missed  -10.7
 This summary was machine generated August 7 at 14:47 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)