Earnings Preview For AMC Networks
Portfolio Pulse from Benzinga Insights
AMC Networks (NASDAQ:AMCX) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $1.77. The company's stock performance has been generally negative over the last 52-week period, with shares down 58.69%. Last quarter, the company beat EPS by $0.75, which was followed by a 7.7% drop in the share price.
August 04, 2023 | 1:43 pm
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NEGATIVE IMPACT
AMC Networks is expected to report an EPS of $1.77 for Q2. The company's shares have been on a downward trend, decreasing by 58.69% over the past year.
The company's stock has been on a downward trend, which may continue if the earnings report does not meet or exceed expectations. Last quarter, despite beating the EPS estimate, the share price dropped by 7.7% the following day. This suggests that investors may be more focused on the company's guidance for future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100