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

Cinemark Holdings

02/05/2024 17:29

* Cinemark Holdings Inc  CNK.N  reported quarterly adjusted
earnings of 19 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -3 cents.  The mean expectation of ten analysts
for the quarter was for a loss of 20 cents per share. Wall
Street expected results to range from -34 cents to -1 cents per
share.
    * Revenue fell 5.2% to $579.20 million from a year ago;
analysts
expected $560.38 million. 
    * Cinemark Holdings Inc's reported EPS for the quarter was
19
cents​.
    * The company reported quarterly net income of $24.8
million.
    * Cinemark Holdings Inc shares had fallen by 3.0% this
quarter and
gained 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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 $21.50 
This summary was machine generated from LSEG data May 2 at 04:29
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
 Mar. 31 2024      -0.20          0.19           Beat
 Dec. 31 2023      -0.13          -0.15          Missed
 Sep. 30 2023      0.42           0.61           Beat
 Jun. 30 2023      0.55           0.80           Beat