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

• 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)