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

AMC Global Media

04/08/2023 14:32

* AMC Networks Inc  AMCX.OQ  reported quarterly adjusted
earnings
of $2.02​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
$1.60 per share.
    * Revenue fell 8% to $678.63 million from a year ago;
analysts
expected $706.47 million. 
    * AMC Networks Inc's reported EPS for the quarter was
$1.60​.
    * The mean earnings estimate of analysts had fallen by
about 8.6%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * AMC Networks Inc shares had risen by 2.8% this quarter and
lost 21.6% so far this year.
    * The company reported quarterly net income of $70.24
million.
    * Wall Street's median 12-month price target for AMC
Networks Inc
is $14.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 4 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.60           2.02           Beat
 Mar. 31 2023      1.87           2.62           Beat
 Dec. 31 2022      1.20           2.52           Beat
 Sep. 30 2022      1.77           2.09           Beat