National CineMedia (NCMI) Set to Announce Quarterly Earnings on Tuesday

National CineMedia (NASDAQ:NCMI) will be releasing its earnings data after the market closes on Tuesday, November 5th. Analysts expect National CineMedia to post earnings of ($0.03) per share for the quarter. National CineMedia has set its Q3 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings results on Monday, August 5th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $54.70 million for the quarter, compared to the consensus estimate of $49.87 million. National CineMedia had a return on equity of 3.50% and a net margin of 78.04%. During the same quarter in the prior year, the company posted ($0.07) EPS. On average, analysts expect National CineMedia to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

National CineMedia Trading Up 1.3 %

Shares of NASDAQ:NCMI opened at $7.20 on Tuesday. National CineMedia has a fifty-two week low of $3.54 and a fifty-two week high of $7.32. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.03. The company has a market cap of $695.30 million, a PE ratio of 2.69 and a beta of 2.08. The company’s 50-day moving average price is $6.85 and its 200 day moving average price is $5.67.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NCMI shares. Benchmark reiterated a “buy” rating and set a $8.00 price objective on shares of National CineMedia in a research report on Monday, September 23rd. Wedbush reiterated a “neutral” rating and set a $6.00 price target on shares of National CineMedia in a research report on Tuesday, August 6th. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a report on Tuesday, August 6th. Finally, B. Riley upped their price objective on shares of National CineMedia from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.50.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.