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

IMAX

27/02/2024 22:51

* Imax Corp  IMAX.N  reported quarterly adjusted earnings of
35
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -5 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 16 cents to 28 cents per share.
    * Revenue rose 51.1% to $103.90 million from a year ago;
analysts
expected $100.72 million. 
    * Imax Corp's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of $11.99
million.
    * Imax Corp shares had risen by 4.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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
$22.00 
This summary was machine generated from LSEG data February 27 at
10:50 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
 Sep. 30 2023      0.23           0.35           Beat
 Jun. 30 2023      0.16           0.26           Beat
 Mar. 31 2023      0.13           0.16           Beat
 Dec. 31 2022      0.20           0.19           Missed