Cinemark Holdings Inc reports results for the quarter ended in December - Earnings Summary

Cinemark Holdings

16/02/2024 14:31

* Cinemark Holdings Inc  CNK.N  reported a quarterly
adjusted loss
of 15 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -82 cents.  The mean expectation of
nine analysts for the quarter was for a loss of 13 cents per
share. Wall Street expected results to range from -63 cents to 1
cents per share.
    * Revenue rose 6.5% to $638.90 million from a year ago;
analysts
expected $619.68 million. 
    * Cinemark Holdings Inc's reported EPS for the quarter was a
loss
of 15 cents​.
    * The company reported a quarterly loss of $18 million.
    * Cinemark Holdings Inc shares had risen by 17.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 171.2% in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the leisure &
recreation peer group is also "hold"

Wall Street's median 12-month price target for Cinemark Holdings
Inc is $19.00 
This summary was machine generated from LSEG data February 16 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.13          -0.15          Missed
 Sep. 30 2023      0.42           0.61           Beat
 Jun. 30 2023      0.55           0.80           Beat
 Mar. 31 2023      -0.30          -0.03          Beat