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AMC Networks Inc. (AMCX - Free Report) is engaged in producing and programming of movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films.
AMC Networks’ strength lies in programs with original content for which it holds ownership rights. In this regard, shows like Breaking Bad and Mad Men have been major hits, driving commercial success for the company. However, one of the biggest drags for the company is that its network is entirely dependent on The Walking Dead franchise.
AMC Networks is also boosting its regional growth in key markets with channel launches and new distribution deals with key pay-TV operators in Latin America, Central and Eastern Europe, Iberia and Africa to serve audiences with award-winning programming across multiple genres.
AMC Networks currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a negative average earnings surprise of 6.22% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AMC Networks reported stronger-than-expected first-quarter 2017 earnings. Our consensus adjusted earnings estimate called $2.00 per share while the company posted figure was $2.10 per share. Investors should note that these figures take out stock option expenses.
Revenue: AMC Networks reported total revenue of $720.2 million which lagged our estimate by over $8 million.
Key States to Note: In the reported quarter, adjusted operating income (AOI) in the National Networks division was down 4.6% year over year and that of International & Other division was down 78.9% year over year.
Check back later for our full write up on this AMC Networks earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
AMC Networks (AMCX) Tops Q1 Earnings Lags Revenues
AMC Networks Inc. (AMCX - Free Report) is engaged in producing and programming of movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films.
AMC Networks’ strength lies in programs with original content for which it holds ownership rights. In this regard, shows like Breaking Bad and Mad Men have been major hits, driving commercial success for the company. However, one of the biggest drags for the company is that its network is entirely dependent on The Walking Dead franchise.
AMC Networks is also boosting its regional growth in key markets with channel launches and new distribution deals with key pay-TV operators in Latin America, Central and Eastern Europe, Iberia and Africa to serve audiences with award-winning programming across multiple genres.
AMC Networks currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a negative average earnings surprise of 6.22% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AMC Networks reported stronger-than-expected first-quarter 2017 earnings. Our consensus adjusted earnings estimate called $2.00 per share while the company posted figure was $2.10 per share. Investors should note that these figures take out stock option expenses.
Revenue: AMC Networks reported total revenue of $720.2 million which lagged our estimate by over $8 million.
Key States to Note: In the reported quarter, adjusted operating income (AOI) in the National Networks division was down 4.6% year over year and that of International & Other division was down 78.9% year over year.
AMC Networks Inc. Price and EPS Surprise
AMC Networks Inc. Price and EPS Surprise | AMC Networks Inc. Quote
Check back later for our full write up on this AMC Networks earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>