We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AMC Networks (AMCX) Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
AMC Networks Inc. (AMCX - Free Report) is slated to report third-quarter 2016 financial numbers before the opening bell on Nov 3.
Last quarter, the company posted a negative earnings surprise of 14.29%. Moreover, the company’s earnings lagged the Zacks Consensus Estimate in two of the previous four quarters, with an average miss of 1.66%. Let’s see how things are shaping up for this announcement.
Factors Likely to Influence this Quarter
AMC Networks owns and operates various cable television stations and is engaged in the production of programming and movie content. Its programming network channels include AMC, IFC, Sundance, WE and BBC America.
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 AMC Networks is that its network is entirely dependent on The Walking Dead franchise. Recently, the premiere of The Walking Dead, in its seventh season, witnessed growth in the number of total viewers compared to the season six premiere and hence stood as the number one show on television. Meanwhile, horror video streaming service, SHUDDER, was launched in the U.K., Ireland and Canada.
Recently, RLJ Entertainment, the streaming service for British mystery and drama, and UMC (Urban Movie Channel) announced a strategic tie-up with AMC Networks. These collaborations are aimed at developing high-quality content for targeted audience and capitalizing on new and latest technologies. AMC Networks also plans to launch the Telenovela channel Eva+ in Africa on Nov 1, on MultiChoice’s digital pay TV satellite platform. Telenovela channel Eva+ is basically a sister channel to Eva which was launched in spring 2015.
Additionally, severe competitive threat from over-the-top (OTT) online video streaming service providers and other media companies coupled with the recent trend of the bulk of ad revenues skewed toward Internet TV are factors which may mar the quarter’s performance.
Earnings Whispers
Our proven model does not conclusively show that AMC Networks is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here as elaborated below.
Zacks ESP: AMC Networks has an earnings ESP of -3.00%. This is because the Most Accurate estimate stands at 97 cents while the Zacks Consensus Estimate is pegged higher at $1.00. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: AMC Networks has a Zacks Rank #4 (Sell). Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Here are some companies that have the right combination of elements to post an earnings beat this quarter.
International Business Machines Corporation (IBM - Free Report) , with an earnings ESP of +0.20% and a Zacks Rank #3.The company’s earnings surpassed the Zacks Consensus Estimate in all of the previous four quarters.
Microsoft Corporation (MSFT - Free Report) , with an earnings ESP of +1.30% and a Zacks Rank #3 (Hold).The company’s earnings surpassed the Zacks Consensus Estimate in three of the previous four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
AMC Networks (AMCX) Q3 Earnings: What's in the Cards?
AMC Networks Inc. (AMCX - Free Report) is slated to report third-quarter 2016 financial numbers before the opening bell on Nov 3.
Last quarter, the company posted a negative earnings surprise of 14.29%. Moreover, the company’s earnings lagged the Zacks Consensus Estimate in two of the previous four quarters, with an average miss of 1.66%. Let’s see how things are shaping up for this announcement.
Factors Likely to Influence this Quarter
AMC Networks owns and operates various cable television stations and is engaged in the production of programming and movie content. Its programming network channels include AMC, IFC, Sundance, WE and BBC America.
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 AMC Networks is that its network is entirely dependent on The Walking Dead franchise. Recently, the premiere of The Walking Dead, in its seventh season, witnessed growth in the number of total viewers compared to the season six premiere and hence stood as the number one show on television. Meanwhile, horror video streaming service, SHUDDER, was launched in the U.K., Ireland and Canada.
Recently, RLJ Entertainment, the streaming service for British mystery and drama, and UMC (Urban Movie Channel) announced a strategic tie-up with AMC Networks. These collaborations are aimed at developing high-quality content for targeted audience and capitalizing on new and latest technologies. AMC Networks also plans to launch the Telenovela channel Eva+ in Africa on Nov 1, on MultiChoice’s digital pay TV satellite platform. Telenovela channel Eva+ is basically a sister channel to Eva which was launched in spring 2015.
Additionally, severe competitive threat from over-the-top (OTT) online video streaming service providers and other media companies coupled with the recent trend of the bulk of ad revenues skewed toward Internet TV are factors which may mar the quarter’s performance.
Earnings Whispers
Our proven model does not conclusively show that AMC Networks is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here as elaborated below.
Zacks ESP: AMC Networks has an earnings ESP of -3.00%. This is because the Most Accurate estimate stands at 97 cents while the Zacks Consensus Estimate is pegged higher at $1.00. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Zacks Rank: AMC Networks has a Zacks Rank #4 (Sell). Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
AMC NETWORKS- A Price and EPS Surprise
AMC NETWORKS- A Price and EPS Surprise | AMC NETWORKS- A Quote
Stocks to Consider
Here are some companies that have the right combination of elements to post an earnings beat this quarter.
International Business Machines Corporation (IBM - Free Report) , with an earnings ESP of +0.20% and a Zacks Rank #3.The company’s earnings surpassed the Zacks Consensus Estimate in all of the previous four quarters.
Verizon Communications Inc. (VZ - Free Report) , with an earnings ESP of +1.11% and a Zacks Rank #3.You can see the complete list of today’s Zacks #1 Rank stocks here. The company’s earnings beat the Zacks Consensus Estimate in three of the previous four quarters.
Microsoft Corporation (MSFT - Free Report) , with an earnings ESP of +1.30% and a Zacks Rank #3 (Hold).The company’s earnings surpassed the Zacks Consensus Estimate in three of the previous four quarters.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>