Media Stock Earnings Lineup For Oct 31: WWE, AMCX, IMAX, SIRI
Zacks Investment Research | Oct 29, 2019 11:09PM ET
Media companies are witnessing a mixed earnings season. Streaming giant Netflix (NASDAQ:NFLX) World Wrestling Entertainment, Inc. Quote
Notably, the company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, delivering average positive surprise of 30.21%. (Read More: AMC Networks Inc. Quote
The Zacks Consensus Estimate for earnings stayed at $1.68 over the past 30 days, implying a 21.9% decline from the figure reported in the year-ago quarter.
Notably, the company’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average positive surprise being 19.4%.
Mississauga, ON-based, IMAX Corporation (NYSE:IMAX) has an Earnings ESP of +3.11% but a Zacks Rank #4 (Sell), which makes surprise prediction difficult.
The company’s top line is expected to have benefited from Chinese language releases like Ne Zha in the third quarter of 2019. Notably, IMAX China collected box office gross of RMB250 million in August from IMAX theaters across Greater China.
The consensus mark for earnings has declined by a couple of cents to 19 cents over the past 30 days, indicating 35.7% growth from the figure reported in the year-ago quarter.
Notably, the company’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average positive surprise being 13.9%.
New York-based, Sirius XM Holdings (NASDAQ:SIRI) has an Earnings ESP of 0.00% and a Zacks Rank #4, which makes surprise prediction difficult.
The company’s third-quarter 2019 results are expected to reflect subscriber base growth and higher ARPU aided by a strong content portfolio. The company’s strategy to tap users outside the automobile market with a streaming-only package is likely to have aided revenues in the to-be-reported quarter.
Moreover, the consensus mark for earnings stayed at 6 cents over the past 30 days, implying 14.3% decline from the figure reported in the year-ago quarter.
Sirius XM Holdings Inc. Price and EPS Surprise
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