We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Countdown to AMC Networks (AMCX) Q2 Earnings: Wall Street Forecasts for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that AMC Networks (AMCX - Free Report) will report quarterly earnings of $1.38 per share in its upcoming release, pointing to a year-over-year decline of 31.7%. It is anticipated that revenues will amount to $601.26 million, exhibiting a decline of 11.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some AMC Networks metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Revenues- Domestic Operations' to reach $529.58 million. The estimate indicates a year-over-year change of -9%.
According to the collective judgment of analysts, 'Revenues- International and Other' should come in at $74.18 million. The estimate points to a change of -25.3% from the year-ago quarter.
The consensus estimate for 'Adjusted Operating Income- Domestic Operations' stands at $153.52 million. Compared to the current estimate, the company reported $184.81 million in the same quarter of the previous year.
The average prediction of analysts places 'Adjusted Operating Income- International and Other' at $18.64 million. The estimate compares to the year-ago value of $19.19 million.
Over the past month, shares of AMC Networks have returned +4.7% versus the Zacks S&P 500 composite's -5.9% change. Currently, AMCX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to AMC Networks (AMCX) Q2 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts forecast that AMC Networks (AMCX - Free Report) will report quarterly earnings of $1.38 per share in its upcoming release, pointing to a year-over-year decline of 31.7%. It is anticipated that revenues will amount to $601.26 million, exhibiting a decline of 11.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some AMC Networks metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Revenues- Domestic Operations' to reach $529.58 million. The estimate indicates a year-over-year change of -9%.
According to the collective judgment of analysts, 'Revenues- International and Other' should come in at $74.18 million. The estimate points to a change of -25.3% from the year-ago quarter.
The consensus estimate for 'Adjusted Operating Income- Domestic Operations' stands at $153.52 million. Compared to the current estimate, the company reported $184.81 million in the same quarter of the previous year.
The average prediction of analysts places 'Adjusted Operating Income- International and Other' at $18.64 million. The estimate compares to the year-ago value of $19.19 million.
View all Key Company Metrics for AMC Networks here>>>
Over the past month, shares of AMC Networks have returned +4.7% versus the Zacks S&P 500 composite's -5.9% change. Currently, AMCX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>