National Cinemedia Inc reports results for the quarter ended in June - Earnings Summary

National CineMedia

05/08/2024 22:01

* National Cinemedia Inc  NCMI.OQ  reported a quarterly
adjusted
loss of 9 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -70 cents.  The mean expectation of
three analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -10 cents
to -4 cents per share.
    * Revenue fell 15.1% to $54.70 million from a year ago;
analysts
expected $49.40 million. 
    * National Cinemedia Inc's reported EPS for the quarter was
a loss
of 9 cents​.
    * The company reported a quarterly loss of $8.7 million.
    * National Cinemedia Inc shares had risen by 28.9% this
quarter and gained 36.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 109.1% 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advertising &
marketing peer group is  "hold."

Wall Street's median 12-month price target for National
Cinemedia Inc is $6.00 
This summary was machine generated from LSEG data August 5 at
09:00 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
 Jun. 30 2024      -0.08          -0.09          Missed
 Mar. 31 2024      -0.07          -0.36          Missed
 Dec. 31 2023      0.09           0.24           Beat
 Sep. 30 2023      -0.14          -0.34          Missed