Imax Corp reports results for the quarter ended in June - Earnings Summary

IMAX

25/07/2024 14:32

* Imax Corp  IMAX.N  reported quarterly adjusted earnings of
18
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 26
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from 3 cents to 15 cents per share.
    * Revenue fell 9.2% to $88.96 million from a year ago;
analysts
expected $76.01 million. 
    * Imax Corp's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $3.58
million.
    * Imax Corp shares had risen by 6.3% this quarter and
gained 18.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 42.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the entertainment
production peer group is also "buy"

Wall Street's median 12-month price target for Imax Corp is
$23.00 
This summary was machine generated from LSEG data July 25 at
01:31 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      0.07           0.18           Beat
 Mar. 31 2024      0.10           0.15           Beat
 Dec. 31 2023      0.05           0.17           Beat
 Sep. 30 2023      0.23           0.35           Beat