9.37 +0.01 (0.06%)
After hours: 5:12PM EDT
|Bid||9.38 x 800|
|Ask||9.43 x 1300|
|Day's Range||9.20 - 9.45|
|52 Week Range||8.73 - 20.36|
|Beta (3Y Monthly)||0.44|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 7, 2019|
|Forward Dividend & Yield||0.80 (8.72%)|
|1y Target Est||15.17|
(Bloomberg) -- The stakes are often high when Netflix Inc. reports results: Stock swings of 10% or more aren’t uncommon. But with the shares down more than a fifth since the streaming giant disappointed investors in July, the risk of another plunge may be lower this time around.When Netflix posts results after markets close Wednesday, analysts expect an increase of about 800,000 U.S. subscribers for the third quarter and about 6 million internationally. Whether or not the company hits those targets may depend on how much Netflix’s new programming resonated with viewers.The timing of Netflix’s latest shows probably helped subscriber growth, said Third Bridge’s Scott Kessler, who cited the new season of “Stranger Things” as a potential driver. Netflix also may have gotten a boost from a competitor’s show, HBO’s “Game of Thrones,” ending its run.Gerber Kawasaki Inc., a Netflix investor, also expects “a pop from the people moving from HBO and resubscribing,” thanks to “Stranger Things.”Still, Gerber investment adviser Nick Licouris said the firm has been reducing its position because of looming competition from Apple Inc., Walt Disney Co., AT&T Inc. and Comcast Corp. The Santa Monica, California-based wealth manager holds more than 12,000 shares valued at almost $3.7 million, according to a June regulatory filing.The earnings report this afternoon “is a heavily debated setup, the trickiest one in a while,” said Lynx Equity analysts KC Rajkumar and Jahanara Nissar. The firm called it “a high-wire act” where “much could go wrong.”Given that Netflix has been growing so much faster internationally, analysts will be eyeing the company’s progress -- and spending -- in key foreign markets.“We’re looking to see if there’s any meaningful traction with some of the lower-priced, mobile-only plans -- with India primarily,” Andy Hargreaves, a KeyBanc Capital analyst, said in an interview.Netflix itself predicted in July it would add a total of 7 million subscribers in the third quarter -- 800,000 in the U.S. and 6.2 million elsewhere.Read more: Netflix Investors Are Bracing for Another Disappointing QuarterMany investors may still be smarting from the company’s last quarterly report. Three months ago, Netflix posted disappointing second-quarter subscriber growth -- and a rare drop in the U.S. The shares slumped 10%.“It would be hard for it to be worse” this time, Hargreaves said, though investor concerns will persist as new streaming services increase the risk of higher subscriber churn or marketing costs, according to a note.Rosenblatt Securities predicts the company’s fourth-quarter subscriber guidance will miss Wall Street’s consensus, according to a note from analyst Bernie McTernan. He expects the forecast to “be treated with greater than normal skepticism” given that Netflix is reporting weeks before the launch of competing offerings, such as Disney+.“Netflix has never faced this level of competition from a new entrant,” he wrote.And although Netflix remains the largest short in the film and entertainment sector, “short sellers have been slowly trimming their exposure,” according to financial analytics firm S3 Partners. The streaming service’s short interest totals $6.2 billion with almost 22 million shares shorted and about 1.8 million shares covered since the beginning of August, the firm said.Gerber’s Licouris sees room for both a Netflix and Disney+, but warns that “at some point, it becomes extremely saturated.”On Tuesday, for example, the largest U.S. theater chain, AMC Entertainment Holdings Inc., announced a new service that would give U.S. subscribers online access to nearly 2,000 movies for rent or purchase.See also: Netflix Earnings-Linked Options Lean Bullish in Run-Up to ReportWhat Bloomberg Intelligence Says:Netflix will not only have to exceed its guidance for 7 million subscriber additions but also deliver a healthy 4Q forecast to allay concerns that have dogged the company.-- Geetha Ranganathan, senior media analyst-- Click here for the researchJust the Numbers3Q streaming paid net change estimate (Bloomberg MODL)3Q domestic +798,3603Q international +6 million3Q revenue estimate $5.25 billion (Bloomberg data)3Q GAAP EPS estimate $1.05 (range $1 to $1.23)4Q streaming paid net change estimate (Bloomberg MODL)4Q domestic +1.28 million4Q international +8.04 million4Q revenue estimate $5.51 billion (range $5.40 billion to $5.70 billion)4Q GAAP EPS estimate 82c (range 44c to $1.12)Data31 buys, 10 holds, 4 sells; avg. PT $365.36Implied 1-day share move following earnings: 11.0%Shares rose after 6 of prior 12 earnings announcementsGAAP EPS beat estimates in 9 of past 12 quartersTimingEarnings release expected 4 p.m. (New York time) Oct. 16Conference call websiteFor deep estimates in this story see NFLX US Equity MODL(Adds analyst comment in sixth paragraph and short interest commentary in 14th.)To contact the reporter on this story: Kamaron Leach in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Nick Turner, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
AMC Theatres is the first U.S. theatrical exhibitor to extend its business into the home with the launch of AMC Theatres On Demand, a digital movie service
AMC Entertainment Holdings, Inc. (“AMC” or “the Company”), the largest theatrical exhibition company in the world, announced today that it will report its results for the third quarter ended September 30, 2019, before the market opens on Thursday, November 7, 2019. The Company will host a conference call via webcast for investors and other interested parties beginning at 7:30 a.m. CST/8:30 a.m. EST on Thursday, November 7, 2019. To listen to the conference call via the internet, please visit the investor relations section of the AMC website at www.investor.amctheatres.com for a link to the webcast.
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AMC Entertainment (NYSE:AMC, "AMC" or the "Company") today announced the hiring of Sean Goodman, currently CFO of Fortune 500 company Asbury Automotive Group (ABG), who will commence working with AMC as Executive Vice President - Finance on December 2, 2019. Current AMC CFO Craig Ramsey will retire on February 28, 2020, in a long-envisioned move. During the overlap, the two executives will work closely together, and Goodman will assume the Chief Financial Officer title upon Ramsey's retirement.
Scott+Scott Attorneys at Law LLP , an international securities and consumer rights litigation firm, continues to investigate whether certain directors and officers of AMC Entertainment Holdings, Inc.
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Kaskela Law LLC has commenced an investigation of AMC Entertainment Holdings, Inc. (“AMC” or the “Company”) (AMC) on behalf of the Company’s stockholders. AMC stockholders who purchased shares of the Company’s stock before December 20, 2016 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 to discuss this investigation and their legal rights and options.
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Will Smith says that Ang Lee, the director of his new movie "Gemini Man," gives consumers a reason to get off their couches and into movie theaters.
Shareholder rights law firm Robbins Arroyo LLP announces that AMC Entertainment Holdings, Inc. may face damages caused by a pending securities lawsuit. AMC is principally involved in the theatrical business and owns, operates, or has interests in theaters located in the United States and Europe.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into AMC Entertainment Holdings, Inc. (AMC). On March 3, 2016, AMC announced its intention to acquire Carmike Cinemas, completed in December 2016. AMC also acquired European chain Odeon and UCI Cinemas Holdings Ltd. in November 2016 and Stockholm-based Nordic Cinema Group Holding AB in March 2017.
SAN DIEGO, CA / ACCESSWIRE / September 25, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in AMC Entertainment Holdings Inc (NYSE:AMC) shares. Investors, ...
In a conference call with investors about National CineMedia’s (“NCM”) plan to introduce increased commercial advertisements during trailer play at Regal and Cinemark theatres, including a so-called “platinum spot” shortly before the main movie feature begins, NCM CEO Tom Lesinski stated that NCM was currently in “continuous” and “on-going” discussions with AMC Theatres (AMC) (“AMC”) to spread the concept to AMC’s theatres as well. There are no discussions underway between NCM and AMC on this subject. What is true is that in April of this year, NCM proposed this concept to AMC of commencing a platinum advertising position during the end of trailer play, which AMC flatly rejected at the time because of AMC’s concerns that U.S. moviegoers would react quite negatively to the concept.
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NEW YORK, NY / ACCESSWIRE / August 21, 2019 / Amcor Plc (NYSE: AMC ) will be discussing their earnings results in their 2019 Second Half Earnings to be held on August 21, 2019 at 8:00 AM Eastern Time. ...