AMC Networks Inc reports results for the quarter ended in December - Earnings Summary

AMC Global Media

09/02/2024 14:32

* AMC Networks Inc  AMCX.OQ  reported quarterly adjusted
earnings
of 72 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $2.52.  The mean expectation of eight analysts for the
quarter was for earnings of 89 cents per share. Wall Street
expected results to range from 41 cents to $1.90 per share.
    * Revenue fell 29.6% to $678.85 million from a year ago;
analysts
expected $676.01 million. 
    * AMC Networks Inc's reported EPS for the quarter was a loss
of 50
cents​.
    * The company reported a quarterly loss of $21.81 million.
    * AMC Networks Inc shares had fallen by 9.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is  "sell."

Wall Street's median 12-month price target for AMC Networks Inc
is $13.00 
This summary was machine generated from LSEG data February 9 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.89           0.72           Missed
 Sep. 30 2023      1.28           1.85           Beat
 Jun. 30 2023      1.60           2.02           Beat
 Mar. 31 2023      1.87           2.62           Beat