Why National CineMedia, Inc. Shares Are Plunging Today
Shares of National CineMedia (NASDAQ: NCMI) are plunging today, down by 15.4% as of 11:34 a.m. EDT, after the cinema advertising specialist's parent company released a weak preliminary second-quarter earnings report.
AMC Entertainment (NYSE: AMC) pre-announced second-quarter revenue of $1.2 billion, well below the Street's $1.3 billion consensus estimate. On the bottom line, analysts wanted to see earnings near $0.10 per share but will instead have to settle for a net loss of approximately $1.35 per share. The weak results stem from soft box office trends across the industry, and none of these metrics are likely to inspire big cinematic ad buys in coming quarters.
Image source: Getty Images.
Source: Fool.com
National Cinemedia Inc. Stock
€0.31
-3.930%
With 1 Buy predictions and 2 Sell predictions the community is currently undecided on National Cinemedia Inc..
However, we have a potential of 1845.53% for National Cinemedia Inc. as the target price of 6 € is above the current price of 0.31 €.
