Wedbush Lowers Estimates on Regal Entertainment (RGC); Income Assumption for National CineMedia Cut
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Price: $18.69 -0.11%
Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
3 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade RGC Now!
Wedbush maintains a 'Neutral' on Regal Entertainment (NYSE: RGC) price target of $16.00.
Analyst, Michael Pachter, said, "We lowered our assumption for income from National CineMedia for Q2, based on the latter’s most recent 10-Q filing. We had previously assumed a $5 million income assumption for Q2; based on National CineMedia’s most recent filing we believe our estimate is overly optimistic. We have lowered our assumption to $2 million for the quarter."
"Our Q2 EPS estimate for Regal goes to $0.20 from $0.31, and for the full year, our EPS estimate for Regal goes to $0.91 from $1.03, compared to consensus of $0.88."
For an analyst ratings summary and ratings history on Regal Entertainment click here. For more ratings news on Regal Entertainment click here.
Shares of Regal Entertainment closed at $14.03 yesterday, with a 52 week range of $11.15-$14.74.
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Analyst, Michael Pachter, said, "We lowered our assumption for income from National CineMedia for Q2, based on the latter’s most recent 10-Q filing. We had previously assumed a $5 million income assumption for Q2; based on National CineMedia’s most recent filing we believe our estimate is overly optimistic. We have lowered our assumption to $2 million for the quarter."
"Our Q2 EPS estimate for Regal goes to $0.20 from $0.31, and for the full year, our EPS estimate for Regal goes to $0.91 from $1.03, compared to consensus of $0.88."
For an analyst ratings summary and ratings history on Regal Entertainment click here. For more ratings news on Regal Entertainment click here.
Shares of Regal Entertainment closed at $14.03 yesterday, with a 52 week range of $11.15-$14.74.
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