National CineMedia (NCMI) Tops Q3 EPS by 1c, FY Revenue Guidance Misses Views at Midpoint

National CineMedia (NASDAQ: NCMI) reported Q3 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $110.1 million versus the consensus estimate of $115.88 million.

GUIDANCE:

National CineMedia sees FY2018 revenue of $435-450 million, versus the consensus of $447.6 million.

• For the full year 2018, the Company updates its outlook of total revenue to be up 2.1% to 5.6% and reaffirms its outlook of Adjusted OIBDA to be flat to up 4.8% from the full year 2017.The Company expects total revenue in the range of $435.0 million to $450.0 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 $205.0 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 $19.0 to $20.0 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.

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

You May Also Be Interested In

• Lennar Corp. (LEN) Misses Q2 EPS by 1c
• These 2 things are key for Meta stock re-rating: BofA
• Ciena closes $2.875 billion convertible notes offering