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National CineMedia (NCMI) Tops Q4 EPS by 6c, Miss on Revenues; Offers FY18 Revenue Mid-Point Outlook Below Consensus

March 12, 2018 4:13 PM

Note: EPS may not be comparable

National CineMedia (NASDAQ: NCMI) reported Q4 EPS of $0.27, $0.06 better than the analyst estimate of $0.21. Revenue for the quarter came in at $140.7 million versus the consensus estimate of $144.48 million.

2018 Outlook

For the full year 2018, the Company expects total revenue to be flat to up 4.5% and Adjusted OIBDA to be down 2.5% to up 4.8% from the full year 2017. The Company expects total revenue in the range of $425.0 million to $445.0 million for the full year 2018, compared to total revenue for the full year 2017 of $426.1 million and Adjusted OIBDA in the range of $200.0 million to $215.0 million for the full year 2018 compared to Adjusted OIBDA for the full year 2017 of $205.1 million. During 2018, the Company expects to record approximately $23.0 million in integration and other encumbered theater payments from Cinemark and AMC associated with the Rave Theatres and Carmike Theatres acquisitions, which are recorded as a reduction of an intangible asset.

GUIDANCE:

National CineMedia sees FY2018 revenue of $425-445 million, versus the consensus of $439.98 million.

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

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