A Look at AMC Networks's Upcoming Earnings Report

AMC Networks (NASDAQ:AMCX) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate AMC Networks to report an earnings per share (EPS) of $0.80.

The market awaits AMC Networks's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Historical Earnings Performance

Last quarter the company missed EPS by $0.28, which was followed by a 0.0% drop in the share price the next day.

Here's a look at AMC Networks's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.52

1.67

0.89

1.28

EPS Actual

1.24

1.16

0.72

1.85

Price Change %

-5.0%

-4.0%

-15.0%

14.000000000000002%

Performance of AMC Networks Shares

Shares of AMC Networks were trading at $8.39 as of November 06. Over the last 52-week period, shares are down 39.78%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Opinions on AMC Networks

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding AMC Networks.

With 2 analyst ratings, AMC Networks has a consensus rating of Buy. The average one-year price target is $9.5, indicating ...