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

AMC Global Media

03/11/2023 13:31

* AMC Networks Inc  AMCX.OQ  reported quarterly adjusted
earnings
of $1.85​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of $2.09.  The mean expectation of nine analysts for the quarter
was for earnings of $1.28 per share. Wall Street expected
results to range from 69 cents to $1.59 per share.
    * Revenue fell 6.6% to $636.95 million from a year ago;
analysts
expected $657.81 million. 
    * AMC Networks Inc's reported EPS for the quarter was
$1.44​.
    * The company reported quarterly net income of $63.42
million.
    * AMC Networks Inc shares had risen by 11.9% this
quarter and
lost 15.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.5%
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 1 "strong buy" or "buy," 4
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "hold"

Wall Street's median 12-month price target for AMC Networks Inc
is $13.00 
This summary was machine generated from LSEG data November 3 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.20           2.52           Beat