National CineMedia (NCMI) Misses Q2 EPS by 3c
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National CineMedia (NASDAQ: NCMI) reported Q2 EPS of $0.11, $0.03 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $115.4 million versus the consensus estimate of $115.8 million.
For the third quarter of 2016, the Company expects total revenue to be down 2% to up 4% and Adjusted OIBDA is expected to be down 6% to up 6% from a strong third quarter in 2015 that grew revenue and Adjusted OIBDA 11% and 14%, respectively versus the third quarter of 2014. The Company expects total revenue in the range of $109.0 million to $116.0 million during the third quarter of 2016, compared to total revenue for the third quarter of 2015 of $111.7 million and Adjusted OIBDA in the range of $56.0 million to $63.0 million during the third quarter of 2016, compared to Adjusted OIBDA for the third quarter of 2015 of $59.6 million.
For the full year 2016, the Company updates its outlook and expects total revenue to be down 1% to up 1% and Adjusted OIBDA to be down 4% to approximately flat versus the full year 2015. The Company expects total revenue in the range of $440.0 million to $450.0 million for the full year 2016, compared to total revenue for the full year 2015 of $446.5 million and Adjusted OIBDA in the range of $220.0 million to $230.0 million for the full year 2016, compared to Adjusted OIBDA for the full year 2015 of $229.9 million.
For earnings history and earnings-related data on National CineMedia (NCMI) click here.
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