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$10.09Annual Revenue
$2.71 BAnnual EPS
$4.90Annual ROE
18.21%Beta
0.61Events Calendar
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Nov 08, 2024Recent annual earnings:
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AMC Networks Inc. (NASDAQ:AMCX ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Nicholas Seibert - Vice President of Corporate Development & Investor Relations Kristin Dolan - Chief Executive Officer Patrick O'Connell - Chief Financial Officer Kim Kelleher - Chief Commercial Officer Dan McDermott - President of Entertainment and AMC Studios Conference Call Participants Thomas Yeh - Morgan Stanley Steven Cahall - Wells Fargo David Joyce - Seaport Research Partners Charles Wilber - Guggenheim Securities Operator Good day and thank you for standing by. Welcome to the AMC Networks Third Quarter 2024 Earnings Conference Call.
The headline numbers for AMC Networks (AMCX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
AMC Networks (AMCX) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.85 per share a year ago.
NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the third quarter ended September 30, 2024.
Shares in AMC Networks, which have declined by more than 50% in 2024 to date, gained 3% Friday after the company posted third-quarter results ahead of Wall Street analysts' expectations. Revenue slumped 6% in the quarter ended September 30 compared with the year-earlier period, coming in at $599.6 million.
AMC Networks (AMCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AMC Networks faces challenges from cord-cutting and high debt but remains profitable with strong free cash flow and growing streaming revenues. Management prioritizes high-quality content, with a focus on free cash flow. AMCX is a deleveraging play as it looks to gradually lower debt levels. The stock is heavily shorted, presenting potential for a short squeeze, though its undervaluation based on fundamentals is a stronger investment case.
Investors need to pay close attention to AMC Networks (AMCX) stock based on the movements in the options market lately.
AMC Networks (AMCX) came out with quarterly earnings of $1.24 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $2.02 per share a year ago.
AMCX, CCOI and HAYN have been added to the Zacks Rank #5 (Strong Sell) List on July 15, 2024.
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