AMC Networks Inc reports results for the quarter ended September 30 - Earnings Summary

AMC Global Media

08/11/2024 16:22

* AMC Networks Inc  AMCX.OQ  reported quarterly adjusted
earnings
of 91 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of $1.85.  The mean expectation of seven analysts for the
quarter was for earnings of 62 cents per share. Wall Street
expected results to range from -28 cents to $1.09 per share.
    * Revenue fell 5.9% to $599.61 million from a year ago;
analysts
expected $587.60 million. 
    * AMC Networks Inc's reported EPS for the quarter was 74
cents​.
    * The company reported quarterly net income of $41.38
million.
    * AMC Networks Inc shares had fallen by 3.9% this
quarter and
lost 55.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 56.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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 $10.00 
This summary was machine generated from LSEG data November 8 at
04:22 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
 Sep. 30 2024      0.62           0.91           Beat
 Jun. 30 2024      1.52           1.24           Missed
 Mar. 31 2024      1.67           1.16           Missed
 Dec. 31 2023      0.89           0.72           Missed