AMC Networks Inc reports results for the quarter ended June 30 - Earnings Summary

• AMC Networks Inc AMCX.OQ reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.16. The mean expectation of six analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 59 cents to 96 cents per share.

• Revenue fell 11.3% to $600.02 million from a year ago; analysts expected $582.04 million.

• AMC Networks Inc's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of $18.05 million.

• AMC Networks Inc shares had fallen by 4.3% this quarter and lost 39.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 42.4% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the broadcasting peer group is "buy."

• Wall Street's median 12-month price target for AMC Networks Inc is $6.00, about 0% even its last closing price of $6.00

This summary was machine generated from LSEG data August 8 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)