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

AMC Global Media

10/05/2024 15:12

* AMC Networks Inc  AMCX.OQ  reported quarterly adjusted
earnings
of $1.16​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$2.62.  The mean expectation of seven analysts for the quarter
was for earnings of $1.67 per share. Wall Street expected
results to range from $1.14  to $2.04 per share.
    * Revenue fell 16.9% to $596.46 million from a year ago;
analysts
expected $602.60 million. 
    * AMC Networks Inc's reported EPS for the quarter was
$1.03​.
    * The company reported quarterly net income of $45.8
million.
    * AMC Networks Inc shares had risen by 13.2% this
quarter and
lost 26.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $12.00 
This summary was machine generated from LSEG data May 10 at
02:12 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
 Mar. 31 2024      1.67           1.16           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