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National CineMedia (NCMI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
NCMINational CineMedia(NCMI) ZACKS·2024-11-05 23:30

Core Insights - National CineMedia (NCMI) reported a revenue of 62.4millionforthequarterendedSeptember2024,reflectingasignificantincreaseof152.662.4 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 0.33inthepreviousyear[1]−ThereportedrevenueexceededtheZacksConsensusEstimateof0.33 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]RevenueBreakdown−Localandregionaladvertisingrevenuewasreportedat0.03 [1] Revenue Breakdown - Local and regional advertising revenue was reported at 11.40 million, surpassing the estimated 9.80million,butshowingayear−over−yeardeclineof11.69.80 million, but showing a year-over-year decline of 11.6% [3] - National advertising revenue reached 46.80 million, exceeding the average estimate of 44.20million,withayear−over−yeardecreaseof1044.20 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 54.05million,indicatingayear−over−yearchangeof−3.954.05 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]