National CineMedia Q1 2024 Adj EPS $(0.19) Misses $(0.07) Estimate, Sales $37.400M Beat $34.733M Estimate
Portfolio Pulse from Benzinga Newsdesk
National CineMedia (NCMI) reported Q1 2024 adjusted EPS of $(0.19), missing the $(0.07) estimate, but sales of $37.400M exceeded the $34.733M forecast. This represents a significant improvement over the previous year's losses and a slight increase in sales.
May 06, 2024 | 8:08 pm
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NCMI's Q1 2024 earnings report showed a miss on EPS estimates but beat sales forecasts, indicating a significant year-over-year improvement.
While NCMI missed the EPS estimate, the beat on sales forecasts and the significant improvement over last year's losses suggest a positive outlook. However, the miss on EPS could temper investor enthusiasm, leading to a neutral short-term impact.
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