Wall Street analysts expect National CineMedia (NCMI) to post quarterly loss of -$0.09 per share in its upcoming report, which indicates a year-over-year increase of 18.2%. Revenues are expected to be $60.4 million, up 16.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 66.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some National CineMedia metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Revenue- Local and regional advertising revenue' to reach $9.10 million. The estimate indicates a year-over-year change of +42.2%.
It is projected by analysts that the 'Revenue- National advertising revenue' will reach $47.97 million. The estimate indicates a change of +16.4% from the prior-year quarter.
The average prediction of analysts places 'Revenue- ESA Party advertising revenue from beverage concessionaire agreements' at $3.37 million. The estimate indicates a year-over-year change of -19.8%.
The consensus among analysts is that 'Total Screens (100% Digital) at Period End' will reach 18,033 . Compared to the current estimate, the company reported 17,832 in the same quarter of the previous year.
Analysts' assessment points toward 'Total Attendance for Period' reaching 122.15 million. Compared to the present estimate, the company reported 115.30 million in the same quarter last year.
National CineMedia shares have witnessed a change of +6.8% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #4 (Sell), NCMI is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Originally published on zacks.com, part of the BLOX Digital Content Exchange.
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