Analysts on Wall Street project that AMC Networks (AMCX) will announce quarterly earnings of $0.79 per share in its forthcoming report, representing an increase of 9.7% year over year. Revenues are projected to reach $616.19 million, declining 9.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific AMC Networks metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Domestic Operations' reaching $545.04 million. The estimate indicates a change of -6.3% from the prior-year quarter.
It is projected by analysts that the 'Revenues- International and Other' will reach $73.99 million. The estimate suggests a change of -25.6% year over year.
The combined assessment of analysts suggests that 'Adjusted Operating Income- Domestic Operations' will likely reach $144.97 million. The estimate is in contrast to the year-ago figure of $123.54 million.
The collective assessment of analysts points to an estimated 'Adjusted Operating Income- International and Other' of $9.74 million. Compared to the current estimate, the company reported $7.16 million in the same quarter of the previous year.
View all Key Company Metrics for AMC Networks here>>>
Shares of AMC Networks have experienced a change of +14.8% in the past month compared to the +4.2% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), AMCX is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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