National CineMedia (NCMI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - National CineMedia (NCMI) reported a revenue of $62.4 million for the quarter ended September 2024, reflecting a significant increase of 152.6% compared to the same period last year [1] - The earnings per share (EPS) for the quarter was -$0.04, a decline from $0.33 in the previous year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $58.2 million, resulting in a positive surprise of 7.22% [1] - The company experienced an EPS surprise of -33.33%, with the consensus EPS estimate being -$0.03 [1] Revenue Breakdown - Local and regional advertising revenue was reported at $11.40 million, surpassing the estimated $9.80 million, but showing a year-over-year decline of 11.6% [3] - National advertising revenue reached $46.80 million, exceeding the average estimate of $44.20 million, with a year-over-year decrease of 10% [3] - Total advertising revenue (excluding beverage) was $62.40 million, compared to the average estimate of $54.05 million, indicating a year-over-year change of -3.9% [3] - ESA advertising revenue from beverage concessionaire agreements was $4.20 million, slightly above the estimated $3.95 million, with a year-over-year decline of 10.6% [3] Stock Performance - Shares of National CineMedia have increased by 10.1% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]