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Regal Entertainment
RGC reported improved Q3 results with pro-forma EPS of $0.07 (incl. ~$0.02 of mostly non-cash DCIP minority interest charge) vs. J.P. Morgan's $0.08 estimate.
“Revenues came in just shy of our expectations, up 3.4% in Q3 (vs. our 4.3%) but a 100bp margin improvement helped boost earnings; adj. EBITDA came in at $116.5m vs. our $114m,” J.P. Morgan writes.
“We are encouraged by strong premium movie performance in the quarter and the positive flow through to margins. We believe these premium releases will continue to be an outsized contributor to earnings growth going forward and lift the overall industry in coming periods.”
Regal Entertainment currently trades at $14.13.
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Posted In: Analyst RatingsConsumer DiscretionaryJ.P. MorganMovies & Entertainmentregal entertainment
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