NCMI - These Analysts Raise Their Forecasts On National CineMedia After Earnings Beat | Benzinga
National CineMedia, Inc. (NASDAQ: NCMI) posted upbeat results for its fourth quarter and disclosed a new $100 million share repurchase program.
Operating revenue stood at $90.9 million, beating the consensus of $81.1 million. EPS of 24 cents beat the consensus of 9 cents, according to data from Benzinga Pro.
For the first quarter of 2024, NCM expects revenue of $34.5 million-$35.5 million (vs. consensus of $32.47 million) and adjusted OIBDA loss in the range of $(7.5) million to $(6.5) million.
"In 2023, NCM successfully re-established the importance of cinema for best-in-class advertisers, with movies driving the cultural ...