National CineMedia, Inc. (NASDAQ:NCMI) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, NCMI to report 3Q20 loss of $ 0.17 per share.
For the full year, analysts anticipate top line of $ 118.62 million, while looking forward to loss of $ 0.47 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 450.00 million ~ $ 465.00 million
Click Here For More Historical Outlooks Of National CineMedia, Inc.
Previous Quarter Performance
National CineMedia, Inc. unveiled loss for the second quarter of $ 0.17 per share, from the revenue of $ 4.00 million. The quarterly revenues dropped 96.37 percent compared with the same quarter last year. Wall street analysts are predicting, NCMI to report 2Q20 loss of $ 0.16 per share from revenue of $ 2.67 million. The bottom line results missed street analysts by $ 0.01 or 6.25 percent, at the same time, top line results outshined analysts by $ 1.33 million or 49.81 percent.
Stock Performance
On Friday, shares of National CineMedia, Inc. has traded high as $ 2.29 and has cracked $ 1.86 on the downward trend, reaching $ 1.99 with volume of 951.20 thousand shares.
According to the previous trading day, closing price of $ 1.99, representing a 19.75 % increase from the 52 week low of $ 1.62 and a 80.3 % decrease over the 52 week high of $ 9.85.
The company has a market capital of $ 158.47 million and is part of the Consumer Cyclical sector and Marketing Services industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by MKM Partners at Neutral rating, with $ 2.75 target price.
- On 4th September 2020, upgraded by Barrington Research to Outperform from Market Perform rating.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.07 per share to holders of record as of the close of business on August 17, 2020, with payment date of August 31, 2020 and ex-dividend date on August 14, 2020.
Conference Call
National CineMedia, Inc. will be hosting a conference call at 5:00 PM 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.ncm.com
National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies. It is also involved in the sale of online and mobile advertising across its Noovie digital products, as well as through its Cinema Accelerator digital product to reach entertainment audiences beyond the theater.
