For its third fiscal quarter (ending September 30), AMC Networks Inc (NASDAQ: AMCX) has reported a -35% decline in E.P.S. from $1.44 a year ago to $0.93 in the current quarter. However, this performance was $0.28 better than the consensus estimate of $0.64. E.P.S. were $0.81 for the latest four quarters through September 30 versus $-0.69 for the same period a year ago.
Recent Price Action
On 11/8/24, AMC Networks Inc (NASDAQ: AMCX) stock enjoyed a large increase of 2.5%, closing at $8.56. Moreover, this advance was accompanied by unusually high trading volume at 190% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 5.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AMCX is expected to continue to be a major Value Builder.
AMC Networks has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AMC Networks has a very high Appreciation Score of 95 but a very low Power Rating of 3, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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