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

Cinemark Holdings

03/11/2023 13:32

* Cinemark Holdings Inc  CNK.N  reported quarterly adjusted
earnings of 61 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of -20 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 42 cents per
share. Wall Street expected results to range from 16 cents to 59
cents per share.
    * Revenue rose 34.5% to $874.80 million from a year ago;
analysts
expected $848.03 million. 
    * Cinemark Holdings Inc's reported EPS for the quarter was
61
cents​.
    * The company reported quarterly net income of $90.2
million.
    * Cinemark Holdings Inc shares had fallen by 8.2% this
quarter and
gained 94.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 94.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
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 $22.00 
This summary was machine generated from LSEG data November 3 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.21          -0.82          Missed