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Is Cinemark (CNK) Outperforming Other Consumer Discretionary Stocks This Year?
ZACKS· 2024-09-25 14:47
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Cinemark Holdings (CNK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Cinemark Holdings is one of 277 companies in the Consumer Discretionary group. The Consumer Discretionary group currently ...
Best Value Stocks to Buy for September 25th
ZACKS· 2024-09-25 10:46
Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 25th: KT Corporation (KT) : This telecommunications and platform services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days. KT has a price-to-earnings ratio (P/E) of 8.31, compared with 12.10 for the industry. The company possesses a Value Score of A. Orange County Bancorp, Inc. (OBT) : This commerci ...
Adyen To Power Omnichannel Payments at U.S. Cinemark Theaters
Prnewswire· 2024-09-19 13:00
Adyen chosen by Cinemark to streamline payments and enhance experiences for moviegoers across Cinemark's 300+ U.S. locations. SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ -- Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, will serve as the single financial platform to power enterprise payments for Cinemark, one of the largest and most influential theatrical exhibition companies in the world. This new collaboration will bring increased payment options and ease of ...
Rate Cut Hopes Lift Confidence: 4 Consumer Discretionary Stocks to Buy
ZACKS· 2024-08-29 19:45
Americans are a lot more confident about the economy than they were till last month. Cooling inflation and the Federal Reserve's hint at starting rate cuts have made them more confident about the economy's health. Consumer confidence in August jumped on hopes that lower borrowing costs in the coming months will give people more spending power and boost the nation's economy. Given this situation, it would be ideal to invest in discretionary stocks such as Cinemark Holdings, Inc. (CNK) , Traeger, Inc. (COOK) ...
3 Resilient Leisure Stocks Poised for Gains Amid Industry Woes
ZACKS· 2024-08-27 14:46
The Zacks Leisure and Recreation Services industry faces challenges due to high inflation and elevated interest rates. The industry is benefiting from the optimization of business processes, consistent strategic partnerships and digital initiatives. Moreover, robust demand for concerts, strong bookings for cruise operators and higher per capita spending at theme parks are supporting the industry. Firms like Royal Caribbean Cruises Ltd. (RCL) , Norwegian Cruise Line Holdings Ltd. (NCLH) and Cinemark Holdings ...
Earnings Estimates Rising for Cinemark (CNK): Will It Gain?
ZACKS· 2024-08-26 17:20
Cinemark Holdings (CNK) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this movie theater owner, should get reflected in its stock price. After all, empirical research shows a strong correlation ...
Cinemark: Waiting For Better Box Office Activity (Rating Downgrade)
Seeking Alpha· 2024-08-16 07:51
100 0 Holly Guerrio Cinemark Holdings, Inc. (NYSE:CNK) recently reported the company's Q2 results, showing a notable year-on-year decline in revenues and earnings as the box office remains slow. Still, with the box office pipeline remaining strong for upcoming years, the company's longer-term outlook remains good. I previously wrote an article on the stock on the 21st of September in 2023, titled "Cinemark: Rebound Potential Still Left". In the article, I rated Cinemark at a Buy rating due to the company's ...
Cinemark Holdings Inc (CNK) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-08-13 14:16
Have you been paying attention to shares of Cinemark Holdings (CNK) ? Shares have been on the move with the stock up 26.4% over the past month. The stock hit a new 52-week high of $26.92 in the previous session. Cinemark Holdings has gained 90.9% since the start of the year compared to the -6% move for the Zacks Consumer Discretionary sector and the -4.9% return for the Zacks Leisure and Recreation Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings ...
Trade of the Day: Cinemark (CNK) Stock May Ride Higher on a Short Squeeze
Investor Place· 2024-08-07 10:00
While Monday was a bloodbath for most equities, the market wasn't completely devoid of winners. One standout performer was movie theater owner and operator Cinemark (NYSE:CNK). On the surface, an enterprise with fading relevance to the consumer would seem problematic. However, CNK stock not only gained nearly 10% so far this week but shot up almost 14% in the past 5 trading days. Even better, it might not be done with its northward trek. Catapulting sentiment was the company's surprisingly robust second-qua ...
Cinemark(CNK) - 2024 Q2 - Earnings Call Transcript
2024-08-02 18:23
Cinemark Holdings, Inc. (NYSE:CNK) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Chanda Brashears - Senior Vice President, Investor Relations Sean Gamble - President and Chief Executive Officer Melissa Thomas - Chief Financial Officer Conference Call Participants Aaron Lee - Macquarie David Karnovsky - JPMorgan Eric Handler - ROTH MKM Ben Swinburne - Morgan Stanley Jim Goss - Barrington Research Omar Mejias - Wells Fargo Mike Hickey - Benchmark Eric Wold - B. Riley Securiti ...