National CineMedia Q1 revenue falls, but beats estimates

National CineMedia

12/05/2026 21:17

Overview

U.S. cinema advertising firm's fiscal Q1 revenue declined 2.6% but beat analyst expectations

Adjusted EPS for fiscal Q1 beat analyst expectations

Company implemented operational transformation targeting $11 mln in annualized cost savings

Outlook

Company expects Q2 2026 revenue of $57 mln to $63 mln

Company sees Q2 2026 Adjusted OIBDA of $1 mln to $5 mln

National CineMedia expects to realize up to $6 mln in cost savings in 2026

Result Drivers

SEASONALITY AND COMPETITION - Co said Q1 results were affected by typical first quarter seasonality and Olympic-related competition

ADVERTISER DEMAND - Co said it continued to drive advertiser demand for its premium audiences and data-driven capabilities

Company press release: ID:nBw3Ly3q6a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$34 mln
$33.06 mln (5 Analysts)
Q1 Adjusted EPS
Beat
-$0.23
-$0.26 (4 Analysts)
Q1 EPS
-$0.31
Q1 Net Income
-$28.60 mln
Q1 Operating Income
-$26.90 mln
Q1 Pretax Profit
-$28.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the advertising & marketing peer group is "buy"

Wall Street's median 12-month price target for National Cinemedia Inc is $6.00, about 72.4% above its May 11 closing price of $3.48

The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 34 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)