Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMCX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. We also hold a significant position in AMCX' public bond. This article is purely educational. Do your own research. Any communication from thi ...

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Investors in AMC Networks Inc. (AMCX) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $5 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-35106 | --- | --- | --- | |---------------------------------------------------------------------------------------|-------------------------- ...

AMC Networks Inc. (NASDAQ:AMCX) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Nicholas Seibert - Vice President of Corporate Development & Investor Relations Kristin Dolan - Chief Executive Officer Patrick O’Connell - Chief Financial Officer Dan McDermott - President of Entertainment and AMC Studios Kimberly Kelleher - Chief Commercial Officer Conference Call Participants Thomas Yeh - Morgan Stanley David Joyce - Seaport Research Partners Steven Cahall - Wells Fargo Operato ...

For the quarter ended June 2024, AMC Networks (AMCX) reported revenue of $625.93 million, down 7.8% over the same period last year. EPS came in at $1.24, compared to $2.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $601.26 million, representing a surprise of +4.10%. The company delivered an EPS surprise of -10.14%, with the consensus EPS estimate being $1.38.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.14%. A quarter ago, it was expected that this owner of cable channels including AMC and IFC would post earnings of $1.79 per share when it actually produced earnings of $1.16, delivering a surprise of -35.20%.Over ...

Financial Performance - Net revenues for Q2 2024 were $626 million, a decrease of 8% from the prior year, with adjusted net revenues down 4% after excluding certain prior year revenues[3] - Revenues for Q2 2024 were $625.9 million, a decrease of 7.8% from $678.6 million in Q2 2023[32] - Domestic Operations revenues decreased 7% to $538 million, with subscription revenues down 3% to $323 million[9] - International revenues decreased 9% to $90 million, with subscription revenues down 13% to $50 million[12] - Operating income for Q2 2024 was $10.8 million, down 89.8% from $105.7 million in Q2 2023[32] - Net loss attributable to AMC Networks' stockholders for Q2 2024 was $29.2 million, compared to a net income of $70.2 million in Q2 2023[32] - Adjusted Operating Income (Loss) for Q2 2024 was $152.8 million, compared to $176.8 million in Q2 2023, reflecting a decrease of 13.6%[36] - Consolidated adjusted operating income for the six months ended June 30, 2023, was $392,540, with domestic operations contributing $404,194 and international operations at $40,323[39] - Adjusted earnings per share (EPS) for the three months ended June 30, 2024, was $1.24, while the diluted EPS attributable to AMC Networks' stockholders was $(0.66)[49] Cash Flow and Debt - Free Cash Flow for Q2 2024 was $95 million, down 35.5% from $148 million in Q2 2023[3] - Free cash flow for the three months ended June 30, 2024, was $95,165, compared to $147,614 for the same period in 2023[45] - Total debt as of June 30, 2024, amounted to $2,420,635, with net debt standing at $1,618,082[42] - The leverage ratio reported was 2.8x, indicating the company's debt levels relative to its earnings[41] Impairment and Charges - The company reported an impairment charge of $68 million related to goodwill at AMCNI and $29 million for long-lived assets at BBCA[16] - The company reported impairment and other charges of $96.8 million in Q2 2024, significantly higher than $24.9 million in Q2 2023[32] - Operating income (GAAP) for the three months ended June 30, 2024, was $230,373, with significant impairment charges of $168,626 impacting overall profitability[42] - The company incurred restructuring and other related charges of $18,744 for the three months ended June 30, 2024[42] - Total adjustments included amortization of acquisition-related intangible assets amounting to $20,887,000[54] - Restructuring and other related charges totaled $11,974,000[54] - Impairment and other charges were reported at $24,882,000[54] Strategic Initiatives - The company announced a new licensing partnership with Sky for The Walking Dead Universe in the UK[2] - AMC Networks launched AMC Reality on ITVX, expanding its presence in the UK market[2] - The company plans to continue focusing on its streaming services and original content production to drive future growth[28] Market Conditions and Risks - Forward-looking statements indicate potential risks and uncertainties that may affect future performance, including market conditions and operational challenges[26] Shareholder Information - As of June 30, 2024, the company had $135 million remaining under its $1.5 billion stock repurchase program[18] - The weighted average common shares for diluted earnings per share were 44.5 million in Q2 2024, compared to 43.9 million in Q2 2023[32] - The company reported share-based compensation expenses of $26,904 for the three months ended June 30, 2024[42]

Wall Street analysts forecast that AMC Networks (AMCX) 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 tim ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:AMC Networks Inc. (AMCX) is an entertainment company. The Zacks Consensus Estimate for its current year earnings has been revised 20.9% downward over the last 60 days.Cogent Communications Holdings, Inc. (CCOI) is a telecommunications company. The Zacks Consensus Estimate for its current year earnings has been revised 21.5% downward over the last 60 days.Haynes International, Inc. (HAYN) is a metals company. The Zacks Consensus Estima ...