AMC Networks Inc. (NASDAQ:AMCX) is expected to report third quarter earnings results, before market open, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.28 per share.
Looking ahead, the full year income are expected at $ 5.75 per share on the revenues of $ 2701.94 million.
Previous Quarter Performance
AMC Networks Inc. recorded income for the second quarter of $ 2.39 per share, from the revenue of $ 646.29 million. The quarterly earnings fell 8.08 percent while revenues fell 16.32 percent compared with the same quarter last year.
According to street consensus, AMCX was expected to report 2Q20 income of $ 1.21 per share from revenue of $ 625.94 million. The bottom line results beat street analysts by $ 1.18 or 97.52 percent, at the same time, top line results outshined analysts by $ 20.35 million or 3.25 percent.
Stock Performance
On Friday, shares of AMC Networks Inc. has traded high as $ 21.57 and has cracked $ 20.48 on the downward trend, reaching $ 21.25 with volume of 1.63 million shares.
According to the previous trading day, closing price of $ 21.25, representing a 8.61 % increase from the 52 week low of $ 19.62 and a 51.25 % decrease over the 52 week high of $ 43.71.
The company has a market capital of $ 1.11 billion and is part of the Services sector and Entertainment – Diversified industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating
Conference Call
AMC Networks Inc. will be hosting a conference call at 8:30 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.amcnetworks.com
AMC Networks Inc. owns and operates various cable televisions brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other.
