Cinemark Holdings Inc CNK.N reported quarterly adjusted earnings of 63 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of twelve analysts for the quarter was for earnings of 73 cents per share. Wall Street expected results to range from 62 cents to 98 cents per share.
Revenue rose 28.1% to $940.50 million from a year ago; analysts expected $942.94 million.
Cinemark Holdings Inc's reported EPS for the quarter was 63 cents.
The company reported quarterly net income of $93.5 million.
Cinemark Holdings Inc shares had fallen by 11.0% this quarter and lost 13.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.7% in the last three months.
In the last 30 days, eight analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $35.00, about 23.2% above its last closing price of $26.87
This summary was machine generated from LSEG data August 1 at 01:32 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)