National CineMedia: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
National CineMedia (NASDAQ:NCMI) reported Q3 earnings, missing estimated earnings by 126.67% with an EPS of $-0.34 versus an estimate of $-0.15. Revenue was down $29.80 million from the same period last year. Last quarter, the company beat EPS estimates by $0.2, followed by a 7.3% drop in share price the next day.
November 07, 2023 | 9:30 pm
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National CineMedia's Q3 earnings significantly missed estimates and revenue was down YoY. Last quarter's EPS beat was followed by a share price drop.
National CineMedia's Q3 earnings missed estimates by a significant margin, and revenue was down from the same period last year. This negative financial performance, coupled with the fact that a previous EPS beat was followed by a share price drop, suggests that the stock price is likely to go down in the short term.
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IMPORTANCE 100
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