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.
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Source: Fool.com
National Cinemedia Inc. Stock
Currently there is a rather positive sentiment for National Cinemedia Inc. with 3 Buy predictions and 0 Sell predictions.
Based on the current price of 0.31 € the target price of 6 € shows a potential of 1845.53% for National Cinemedia Inc. which would more than double the current price.