Cinemark Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Cinemark Holdings

01/11/2024 03:31

* Cinemark Holdings Inc  CNK.N  reported quarterly adjusted
earnings of $1.19​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 61 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 56 cents per share. Wall
Street expected results to range from 47 cents to 61 cents per
share.
    * Revenue rose 5.4% to $921.80 million from a year ago;
analysts
expected $884.31 million. 
    * Cinemark Holdings Inc's reported EPS for the quarter was
$1.19​.
    * The company reported quarterly net income of $184.2
million.
    * Cinemark Holdings Inc shares had risen by 9.5% this
quarter and
gained 116.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 36.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 32.00 
This summary was machine generated from LSEG data November 1 at
03:31 a.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
 Sep. 30 2024      0.56           1.19           Beat
 Jun. 30 2024      0.10           0.32           Beat
 Mar. 31 2024      -0.19          0.19           Beat
 Dec. 31 2023      -0.13          -0.15          Missed