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AMC Networks (AMCX) Beats Q4 Earnings and Revenues
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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’ plans to launch the Telenovela channel Eva+ in Africa on MultiChoice’s digital pay TV satellite platform also bode well. AMC and BBC Worldwide North America inked a new co-production deal for McMafia, an epic drama series set in the international world of organized crime starring James Norton (Happy Valley, War & Peace) as the lead character, Alex Godman. We believe these new deals to bring up new series in the entertainment world will boost its subscriber base in the to-be reported quarter.
However, 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.
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 5.39% 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 fourth-quarter 2016 earnings. Our consensus adjusted earnings estimate called $1.28 per share while the company posted figure was $1.30 per share. Investors should note that these figures take out stock option expenses.
Revenue: AMC Networks reported total revenue of $729.6 million which surpassed our estimate by over $12.4 million.
Key States to Note: In the reported quarter, adjusted operating income (AOI) in the National Networks division was up 9.2% year over year and that of International & Other division was down 48.5% year over year.
Check back later for our full write up on this AMC Networks earnings report later!
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AMC Networks (AMCX) Beats Q4 Earnings and 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’ plans to launch the Telenovela channel Eva+ in Africa on MultiChoice’s digital pay TV satellite platform also bode well. AMC and BBC Worldwide North America inked a new co-production deal for McMafia, an epic drama series set in the international world of organized crime starring James Norton (Happy Valley, War & Peace) as the lead character, Alex Godman. We believe these new deals to bring up new series in the entertainment world will boost its subscriber base in the to-be reported quarter.
However, 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.
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 5.39% 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 fourth-quarter 2016 earnings. Our consensus adjusted earnings estimate called $1.28 per share while the company posted figure was $1.30 per share. Investors should note that these figures take out stock option expenses.
Revenue: AMC Networks reported total revenue of $729.6 million which surpassed our estimate by over $12.4 million.
Key States to Note: In the reported quarter, adjusted operating income (AOI) in the National Networks division was up 9.2% year over year and that of International & Other division was down 48.5% 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!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>