National Cinemedia Up 28.5% To $4.22 After Earnings Beat

National Cinemedia (NCMI) said after close Monday that it earned $0.24 per share in quarter four 2023.

On the revenue line, the company reported $90.9 million, beating estimates by $9.8 million.

In the same quarter a year ago, the company earned $0.8 per share on revenue of $91.7 million.

The stock is up 28.5% to $4.22 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

National Cinemedia has performed a little above average during the past few months. Before the report, National Cinemedia received a Long-Term Technical Rank by InvestorsObserver of 57, putting it in the top half of stocks. The firm set a 52-week high on April 12, 2023 at $6.49 and set a 52-week low on March 20, 2023 at $1.1.

National CineMedia Inc is a holding company that operates a digital in-theatre media network across North America. The company displays ads in movie theaters, online, and through mobile video. National CineMedia's most important operation is First Look, its prefeature programming that plays before a movie and related trailers start. The company also operates an online and mobile network in combination with movie theaters that include movie content, trailers, showtimes, and other features.