* AMC Networks Inc 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
Comments