Television broadcasting and production company AMC Networks (NASDAQ: AMCX) will be announcing earnings results this Friday morning. Here’s what you need to know.
AMC Networks beat analysts’ revenue expectations by 3% last quarter, reporting revenues of $600 million, down 4.1% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EBITDA estimates.
Is AMC Networks a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting AMC Networks’s revenue to decline 8.7% year on year to $547.2 million, a further deceleration from the 5.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.34 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AMC Networks has missed Wall Street’s revenue estimates four times over the last two years.
Looking at AMC Networks’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FOX delivered year-on-year revenue growth of 4.9%, beating analysts’ expectations by 4.6%, and Nike reported revenues up 1.1%, topping estimates by 6.5%. FOX traded up 6.3% following the results while Nike was also up 6.5%.
Read our full analysis of FOX’s results here and Nike’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.5% on average over the last month. AMC Networks is down 6.1% during the same time and is heading into earnings with an average analyst price target of $6.64 (compared to the current share price of $7.45).
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