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National CineMedia (NCMI) Misses Q3 EPS by 1c; Issues Solid Revenue Outlook

November 9, 2015 5:05 PM

National CineMedia (NASDAQ: NCMI) reported Q3 EPS of $0.13, $0.01 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $111.7 million versus the consensus estimate of $112.74 million.

National CineMedia sees Q4 2015 revenue of $125-131 million, versus the consensus of $122.8 million.

National CineMedia sees FY2015 revenue of $435-441 million, versus the consensus of $428.8 million.

Commenting on the Company’s third quarter operating results, Kurt Hall, NCM’s Chairman and CEO said, “Our business continued to benefit from the structural changes that are reshaping the broader media marketplace. The Company’s 27% Q3 2015 national revenue growth over 2014, combined with an approximate 15% increase in our national upfront commitments for calendar 2016, while the national TV upfront was down, provided clear evidence that we are gaining video advertising market share.”

Mr. Hall continued, “The increase in our annual guidance for 2015 reflects higher than expected national inventory utilization, continued CPM growth and a strong finish to the year by our local business. We also expect to benefit from a highly anticipated Q4 film slate that is anchored by several tent pole films, including Star Wars.”

Mr. Hall concluded, “I am very proud of our NCM team as 2015 will represent a record year for each of our national and local advertising businesses. With great sales momentum coming out of 2015, the launch of more robust targeting and data analytics products early next year and the expansion of our local sales force, we are very well positioned for continued growth in 2016 and beyond.”

For earnings history and earnings-related data on National CineMedia (NCMI) click here.

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