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Fly News Breaks for March 1, 2019
NCMI
Mar 1, 2019 | 15:31 EDT
Barrington analyst James Goss kept his Market Perform rating on National CineMedia, saying its last reported quarter showed flat revenues but the guidance issues for FY19 implies "solid growth". The analyst believes that higher revenue will be supported as "audience characteristics continue to contribute to premium pricing versus broadcast television alternatives." Goss also points to the management's indication of "early success in increasing engagement by consumers" with its in the Noovie platform and its "augmented reality gaming app that consumers can use when engaging in on-screen content during the preshow program."
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