AMC Networks Inc. (NASDAQ:AMCX) is set to announce second quarter earning results on Tuesday 4th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AMCX to report 2Q20 income of $ 1.21 per share.
For the full year, analysts anticipate top line of $ 2735.18 million, while looking forward to income of $ 5.33 per share bottom line.
Previous Quarter Performance
AMC Networks Inc. revealed income for the first quarter of $ 1.47 per share, from the revenue of $ 734.37 million. The quarterly earnings dropped 44.32 percent while revenues fell 6.36 percent compared with the same quarter last year.
According to street consensus, AMCX was expected to report 1Q20 income of $ 1.86 per share from revenue of $ 738.87 million. The bottom line results missed street analysts by $ 0.39 or 20.97 percent, at the same time, top line results fell short of analysts by $ 4.5 million or 0.61 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of AMCX was $ 23.93, representing a 21.97 % increase from the 52 week low of $ 19.62 and a 55.3 % decrease over the 52 week high of $ 53.53.
The company has a market capital of $ 1.25 billion and is part of the Services sector and Entertainment – Diversified industry.
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Recent Analyst recommendations
- On 13th July 2020, initiated by Goldman Sachs Group at Sell rating, with $ 19.00 target price.
- On 17th June 2020, maintained by Deutsche Bank at Hold rating, with $ 34.00 target price.
Conference Call
AMC Networks Inc. will be hosting a conference call at 8:30 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.amcnetworks.com
AMC Networks Inc. owns and operates various cable televisions brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other.
