National CineMedia Sees Q4 Revenue $85M-$88M Vs $70.07M Est.
Portfolio Pulse from Benzinga Newsdesk
National CineMedia (NCMI) expects Q4 2023 revenue to be between $85M-$88M, lower than the Q4 2022 revenue of $91.7M. The company also anticipates adjusted OIBDA to be in the range of $30M-$33M, compared to $42M in Q4 2022.
November 08, 2023 | 12:33 am
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NEGATIVE IMPACT
National CineMedia's lower revenue and adjusted OIBDA forecast for Q4 2023 compared to Q4 2022 may negatively impact the company's stock in the short term.
National CineMedia's projected decrease in revenue and adjusted OIBDA for Q4 2023 compared to Q4 2022 indicates potential financial challenges, which could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100