Brokers Set Expectations for National CineMedia, Inc.’s Q3 2024 Earnings (NASDAQ:NCMI)

National CineMedia, Inc. (NASDAQ:NCMIFree Report) – Research analysts at Wedbush issued their Q3 2024 earnings per share (EPS) estimates for shares of National CineMedia in a research note issued to investors on Tuesday, March 19th. Wedbush analyst A. Reese expects that the business services provider will post earnings per share of ($0.01) for the quarter. Wedbush has a “Neutral” rating and a $5.50 price target on the stock. Wedbush also issued estimates for National CineMedia’s Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.00 EPS and FY2026 earnings at $0.03 EPS.

Several other research analysts have also issued reports on NCMI. B. Riley upgraded National CineMedia from a “neutral” rating to a “buy” rating and raised their price target for the stock from $4.50 to $6.75 in a research report on Tuesday. upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday.

View Our Latest Analysis on NCMI

National CineMedia Stock Up 19.9 %

NASDAQ:NCMI opened at $5.06 on Wednesday. National CineMedia has a 12-month low of $1.10 and a 12-month high of $6.49. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $489.76 million, a P/E ratio of 0.16 and a beta of 1.86. The stock’s fifty day simple moving average is $4.12 and its 200-day simple moving average is $4.17.

National CineMedia (NASDAQ:NCMIGet Free Report) last announced its quarterly earnings data on Monday, March 18th. The business services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $90.90 million during the quarter, compared to analysts’ expectations of $77.25 million.

Institutional Investors Weigh In On National CineMedia

A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new position in shares of National CineMedia in the 3rd quarter valued at $29,000. Virtu Financial LLC bought a new position in National CineMedia during the 4th quarter worth $29,000. Renaissance Technologies LLC bought a new position in National CineMedia during the 2nd quarter worth $41,000. Sei Investments Co. bought a new position in National CineMedia during the 3rd quarter worth $58,000. Finally, Jane Street Group LLC raised its position in National CineMedia by 4,022.3% during the 1st quarter. Jane Street Group LLC now owns 493,979 shares of the business services provider’s stock worth $65,000 after purchasing an additional 481,996 shares during the last quarter.

About National CineMedia

(Get Free Report)

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.

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Earnings History and Estimates for National CineMedia (NASDAQ:NCMI)

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