What trends are evident in NCMI's earnings over the past year?

National CineMedia (NCMI) has shown a decline in earnings over the past year, with a trend of decreasing revenue and profitability. Here are the key trends evident in NCMI's earnings:

1. **Decreasing Revenue**: NCMI's revenue has fallen from $86.3 million in Q4 2023 to an estimated $35.5 million in Q1 2025. This decline is a significant concern for the company's financial health.
2. **Challenging Outlook**: NCMI anticipates a challenging first quarter in 2025, with expected revenue between $34 million and $36 million. This outlook suggests that the company may continue to face difficulties in the near term.
3. **Strategic Adjustments Needed**: The company's local and regional advertising revenue has fallen to $13.5 million, down from $16.2 million. This indicates a need for strategic adjustments to revive this segment of the business.
4. **Analyst Adjustments**: Despite the challenges, some analysts have boosted their earnings estimates for NCMI, indicating a potential for improvement. However, the overall outlook remains cautious.

In conclusion, NCMI's earnings are currently showing a trend of decline, with a challenging outlook for the near future. The company will need to implement effective strategic adjustments to revive its revenue streams and improve profitability.