NASDAQ$NCMI

National CineMedia Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

National CineMedia's financial performance was negatively impacted by the COVID-19 pandemic and resulting theater closures, with revenue and operating income declining.

National CineMedia, Inc. reported a decrease in revenue and operating income for the first quarter of 2020 due to the impact of the COVID-19 pandemic and the subsequent temporary closure of theaters. The company is focused on preserving cash and liquidity amid these challenges.

  • Total revenue decreased by 15.9% to $64.7 million compared to the same quarter last year.
  • Operating income decreased by 55.0% to $4.9 million.
  • Net loss was $3.7 million, or $0.05 per diluted share, compared to a net loss of $1.1 million, or $0.01 per diluted share, in the first quarter of 2019.
  • The company withdrew its full-year 2020 outlook due to the uncertainty surrounding the COVID-19 pandemic.

Headline financials

Total Revenue

$64.7M

Previous: $76.9M-15.9%
EPS (adj)

-$0.50

Previous: -$0.10-400.0%
Adjusted OIBDA

$14.4M

Previous: $22.1M-34.8%
Adjusted OIBDA Margin

22.3%

Previous: 28.8%-22.6%
Total Attendance

120.4M

Previous: 148.7M-19.0%
Capital Expenditures

-$3.3M

Previous: -$2.9M-13.8%
Free Cash Flow

-$7M

Previous: -$4M-75.0%
Net Income

-$3.7M

Previous: -$1.1M-236.4%
Operating Income

$4.9M

Previous: $10.9M-55.0%
Gross Profit

$58.5M

Previous: $69.6M-15.9%
Cash & Equivalents

$193M

Previous: $64M+201.9%
Total Assets

$1.2B

Previous: $1.12B+7.8%
Stock-Based Comp

$200K

Previous: $800K-75.0%

Revenue & EPS history

National CineMedia · Revenue · Quarterly

$64.7M

Q1 2020-15.9%vs Q1 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

National CineMedia · $57.7M total across 2 segments · Q2 2023

  • National Advertising
    $44.3M-12.6%
  • Local and Regional
    $13.4M+27.6%

Forward guidance

Due to the current unprecedented market conditions related to the coronavirus (COVID-19) and the resulting uncertainty regarding the duration and ultimate impact of governmental regulations, including shelter-in-place orders and mandated business closures including our network theaters and clients, as well as the impact of changes in consumer behavior (such as social distancing) on attendance following the reopening of the theaters, the Company is withdrawing its previously published financial guidance related to revenue, Adjusted OIBDA and integration payments for the fiscal year ending December 31, 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+2.5%

Avg return

Earnings day

+3.6%

Avg return

5 days after

-0.8%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+232.3%

Q4 2022

Best reaction

-27.2%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-19.5%
Q4 2025+1.4%+1.4%-13.4%
Q3 2025+0.7%-9.3%-3.7%
Q1 2025-11.6%-12.1%-10.5%
Q4 2024-17.8%-12.9%-9.9%
Q3 2024-8.3%-11.5%-0.1%
Q2 2024+11.1%+7.4%+20.1%
Q1 2024+0.9%-1.5%+11.4%
Q4 2023+19.3%+32.8%+5.0%
Q3 2023+6.1%+2.7%-2.9%
Q2 2023+2.4%-6.5%+33.2%
Q1 2023+3.9%+0.0%+12.9%
Q4 2022+232.3%+169.2%+146.2%
Q3 2022+31.3%+38.1%-7.1%
Q2 2022-19.4%+2.3%-35.3%
Q1 2022-22.4%-31.7%-38.0%
Q4 2021-10.7%-11.7%-16.7%
Q3 2021-1.3%+0.3%-25.5%
Q2 2021-6.0%-14.7%-19.7%
Q1 2021-2.7%+2.1%-88.4%
Q4 2020-2.5%+26.1%-4.8%
Q3 2020+7.3%+4.0%+99.5%
Q2 2020+15.8%+20.2%+45.7%
Q1 2020-5.5%+3.6%+1.6%
Q4 2019+18.2%+5.9%-66.0%
Q3 2019-16.6%-10.1%-20.5%
Q2 2019-3.3%-0.6%+16.4%
Q1 2019+6.4%+6.7%-8.0%
Q4 2018+11.8%+6.5%+2.5%
Q3 2018-15.7%-12.9%-19.9%
Q2 2018-0.9%+5.2%+7.8%
Q1 2018+21.9%+29.6%+30.3%
Q4 2017-10.0%-17.5%-20.1%
Q3 2017-12.6%-16.1%-2.1%
Q2 2017-6.5%-17.0%-19.4%
Q1 2017-27.2%-28.7%-38.3%
Q4 2016-5.5%+0.4%-1.9%
Q3 2016+3.9%+13.0%+13.8%
Q2 2016-4.7%-3.4%-5.6%
Q1 2016-2.6%
Q4 2015-3.4%
Q3 2015+5.7%
Q2 2015-2.5%
Q1 2015+6.8%
Q4 2014+0.7%
Q3 2014+13.0%
Q2 2014-13.1%
Q1 2014-4.1%
Q4 2013-13.4%
Q3 2013-7.5%
Q2 2013+5.2%
Q1 2013+7.8%
Q4 2011-0.5%
Q4 2012-2.9%
Q3 2012-10.0%
Q2 2012+1.6%
Q1 2011-6.4%
Q1 2012-0.1%
Q4 2009+4.2%
Q3 2011+10.0%
Q3 2010+10.0%
Q4 2010-6.4%
Q2 2010-6.4%
Q2 2011-6.4%
Q1 2010+2.0%

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