NASDAQ$NCMI
National CineMedia Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported record advertising revenue and increased quarterly cash dividend.
National CineMedia, Inc. reported a 7.1% increase in total revenue for Q4 2019, reaching $147.2 million, driven by record advertising revenue. Operating income rose by 19.6% to $72.7 million, and net income was $19.1 million, or $0.24 per diluted share. The company's Board of Directors authorized a 12% increase in the quarterly cash dividend to $0.19 per share.
- Total revenue for Q4 2019 increased by 7.1% to $147.2 million.
- Operating income for Q4 2019 increased by 19.6% to $72.7 million.
- Net income for Q4 2019 was $19.1 million, or $0.24 per diluted share.
- The Board of Directors authorized a 12% increase in the quarterly cash dividend to $0.19 per share.
Headline financials
Revenue & EPS history
National CineMedia · Revenue · Quarterly
$147M
Revenue by segment
National CineMedia · $110M total across 1 segment · Q4 2019
- National Advertising$110M+13.0%100.0%
Forward guidance
For the full year 2020, the Company expects total revenue to be up 1.2% to 4.5% and Adjusted OIBDA to be down 2.7% to up 2.2% from the full year 2019. The Company expects total revenue in the range of $450.0 million to $465.0 million for the full year 2020, compared to total revenue for the full year 2019 of $444.8 million and Adjusted OIBDA in the range of $202.0 million to $212.0 million for the full year 2020 compared to Adjusted OIBDA for the full year 2019 of $207.5 million.
Tailwinds
- Expects total revenue to be up 1.2% to 4.5% for full year 2020.
- Forecasts total revenue between $450.0 million and $465.0 million for full year 2020.
- Anticipates Adjusted OIBDA to be down 2.7% to up 2.2% for full year 2020.
- Projects Adjusted OIBDA between $202.0 million and $212.0 million for full year 2020.
- Board of Directors authorized a 12% increase in the Company’s regular quarterly cash dividend from $0.17 to $0.19 per share of common stock bringing the dividend to $0.76 per share on an annualized basis.
Headwinds
- Adjusted OIBDA to be down 2.7% to up 2.2% from the full year 2019.
- Integration and other encumbered theater payments primarily from AMC associated with the Carmike Theatres acquisition are expected to negatively impact results.
- Risks related to level of theater attendance or viewership of the Noovie pre-show.
- Increased competition for advertising expenditures.
- Changes to relationships with NCM LLC’s founding members.
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 Q4 2019
+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
| Quarter | Report date | Reaction (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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