National Cinemedia, Inc. (NCMI)

[Harry Winston]

10% Positive Earnings Surprise!!

National CineMedia (NCMI) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this theater advertising company would post a loss of $0.02 per share when it actually produced a loss of $0.01, delivering a surprise of 50%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

National CineMedia, which belongs to the Zacks Advertising and Marketing industry, posted revenues of $110.20 million for the quarter ended June 2019, missing the Zacks Consensus Estimate by 2.28%. This compares to year-ago revenues of $113.70 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

National CineMedia shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 17%.

Zack's Research article published yesterday on Yahoo's website