National Cinemedia, Inc. (NCMI)

[Harry Winston]

This is the summary of the revenue and earnings estimates from Zack's Research.

The Q1 EPS was 20¢/share, which was a 35% positive surprise.

The estimated Q2 EPS is for a 6¢ loss, but that may have to be revised upwards because of a new business deal that NCMI signed with Pecan Pie Productions. This is the complete text of a press release that was posted April 25th on the NASDAQ website, minus the routine description of National Cinemedia. There were clickable links in the second paragraph.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- National CineMedia (NCM), America's Movie Network, has signed an affiliate partnership agreement for national advertising with Pecan Pie Productions, welcoming nearly 300 theaters nationwide with approximately 8 million attendees to its national theater network.

Pecan Pie Productions is the latest affiliate partner to become a part of the largest cinema advertising network in the U.S. In the past year, NCM has also welcomed 76 theaters with 540 screens and approximately 18 million attendees from top regional and local exhibitors including Bow Tie Cinemas; Cinergy Entertainment Group, Inc.; Evergreen Desi Enterprises, Inc.; Golden Ticket Cinemas; Infinity Theatres; Legacy Theatres; Main Street Theatres; Megaplex Theatres; MJR Digital Cinemas; Venue Cinemas; and Windom State Theatre to its national theater network. NCM's network currently includes over 20,800 screens in over 1,650 theaters in 187 Designated Market Areas® (all of the top 50).

"We're thrilled to be working with Pecan Pie Productions to provide national advertising for its great network of independent theaters across the country," said Senior Vice President, Affiliate Partnerships and Local & Digital Sales, Stacie Tursi. "The addition of new theaters in a wide geographic variety of smaller markets will be especially appealing to NCM's national brand partners, who value broad national reach and high audience engagement."

"As a leading partner for independent theaters across America, Pecan Pie Productions is pleased to be expanding our reach with today's partnership with NCM," said Kevin LaKritz, President and CEO of Pecan Pie Productions. "We have been impressed with NCM's leadership team, strategic approach, and their shared belief that local communities matter. We look forward to a long-term partnership with NCM, and to increasing our value to our customers nationwide."

Zack's revenue and earnings estimates were made by four analysts each. Here are the ranges for both.

Q1 Revenue
$73.2 to $78.3 million. A year ago, the Q1 revenue was $71.9 million. The consensus estimate is for $74.8 million Q1 revenue. That's a 4% year-over-year growth rate for the first quarter.

Q2 Revenue
$101.5 to $112.7 million. A year ago, the Q2 revenue was $97.1 million. The consensus estimate is for $106.8 million Q2 revenue. That's a 10% year-over-year growth rate for the second quarter.

Q1 Earnings
-$0.08 to -$0.02 per share. A year ago, the Q1 loss was $0.08, but the consensus estimate is that NCMI will reduce this loss by 25%, to a $0.06 loss. Remember, there are four analysts being surveyed.

Q2 Earnings
$0.06 to $0.07 positive earnings per share. A year ago, the Q2 earnings were only $0.03/share. The current consensus estimate of four analysts is for positive earnings of $0.07/share, which would be a 133% annual growth rate for the second quarter of NCMI.