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Marcus Q1 revenue beats analyst estimates

Overview

US entertainment and hospitality firm's fiscal Q1 revenue rose 3.8%, beating analyst expectations

Adjusted EBITDA for fiscal Q1 beat analyst estimates

Company's net loss narrowed compared to prior year quarter

Result Drivers

STRONG FILM SLATE - Marcus Theatres' results benefited from a robust lineup of hit films, including Project Hail Mary and several family-friendly titles, driving higher admission and concession revenues

STRATEGIC PRICING & PREMIUM FORMATS - Increased average ticket prices were attributed to strategic price changes, a higher share of premium large format screens, and a favorable film mix

Company press release: ID:nBwLCv1ja

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$154.40 mln$149.72 mln (5 Analysts)
Q1 EPS-$0.51
Q1 Net Earnings-$15.40 mln
Q1 Adjusted EBITDABeat$2.60 mln$1.41 mln (5 Analysts)
Q1 Operating Income-$19.30 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the leisure & recreation peer group is "buy" Wall Street's median 12-month price target for Marcus Corp is $25.00, about 31.7% above its April 29 closing price of $18.98 The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 23 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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