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

Cinemark Holdings

02/08/2024 15:22

* Cinemark Holdings Inc  CNK.N  reported quarterly adjusted
earnings of 32 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 80 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 10 cents per share. Wall
Street expected results to range from -3 cents to 19 cents per
share.
    * Revenue fell 22.1% to $734.20 million from a year ago;
analysts
expected $691.73 million. 
    * Cinemark Holdings Inc's reported EPS for the quarter was
32
cents​.
    * The company reported quarterly net income of $45.8
million.
    * Cinemark Holdings Inc shares had risen by 6.8% this
quarter and
gained 63.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 61.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the leisure &
recreation peer group is also "buy"

Wall Street's median 12-month price target for Cinemark Holdings
Inc is $24.50 
This summary was machine generated from LSEG data August 2 at
02:22 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
 Jun. 30 2024      0.10           0.19           Beat
 Mar. 31 2024      -0.19          0.19           Beat
 Dec. 31 2023      -0.13          -0.15          Missed
 Sep. 30 2023      0.42           0.61           Beat