Cinemark Holdings, Inc. (CNK) is scheduled to report third-quarter 2024 results on Oct. 31 before the opening bell. In the previous quarter, the company reported an earnings surprise of 357.1%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. How are Estimates for CNK Placed? The Zacks Consensus Estimate for third-quarter earnings is pegged at 56 cents per share, indicating a decline of 8.2% from 61 cents reported in the year-ago quarter. For revenues, the consensus mark is pegged a ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cinemark Holdings (CNK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Cinemark Holdings is one of 272 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The a ...

Cinemark Holdings (CNK) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Oct ...

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? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Cinemark Holdings is a member of the Consum ...

Have you been paying attention to shares of Cinemark Holdings (CNK) ? Shares have been on the move with the stock up 0.1% over the past month. The stock hit a new 52-week high of $29.15 in the previous session. Cinemark Holdings has gained 103.2% since the start of the year compared to the 0.2% move for the Zacks Consumer Discretionary sector and the 17.1% return for the Zacks Leisure and Recreation Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings ...

Core Viewpoint - Cinemark Holdings, Inc. has experienced a significant stock increase of 28.6% over the past three months, outperforming the industry growth of 11.3%, driven by renewed consumer interest in theatrical experiences and effective strategic execution [1] Group 1: Growth Drivers - The resurgence of consumer demand for large-screen experiences has been a major factor in the theater industry's recovery, with Cinemark benefiting from a diverse film lineup that includes titles like Inside Out 2, Despicable Me 4, and Deadpool & Wolverine, leading to strong attendance and revenue growth [2] - Cinemark's box office growth exceeded the industry average by over 300 basis points year over year, showcasing its competitive advantage [2] Group 2: Operational Strength - The company's operational success is attributed to a skilled team, disciplined expense management, and strategic initiatives, resulting in high customer satisfaction ratings of 95% and a 10% year-over-year growth in Movie Club membership to 1.3 million [3] - Enhancements in customer experience, such as recliner seating and premium formats, have contributed to strong revenue generation, alongside a record domestic food and beverage per capita of $7.95 [3] Group 3: Financial Position - Cinemark reported robust second-quarter financials with global revenues of $734.2 million, adjusted EBITDA of $142.1 million, and free cash flow of $161 million, while also improving its balance sheet by reducing debt [4] Group 4: Market Position and Future Outlook - The company is optimistic about future growth as theatrical release volumes return to pre-pandemic levels, supported by partnerships with major studios like Amazon and Apple [5] - Cinemark's stock is currently trading at a forward price-to-earnings ratio of 15.86, below the industry average of 17.55, indicating potential undervaluation [6] Group 5: Conclusion - Cinemark's ability to adapt to post-pandemic challenges through strong operational performance and a varied film lineup positions it as an attractive investment opportunity in the entertainment sector, especially with its stock trading below the industry average [7]

Company Overview - Cinemark Holdings (CNK) is a notable stock within the Consumer Discretionary group, which consists of 277 companies [2] - The company currently holds a Zacks Rank of 1 (Strong Buy), indicating a favorable earnings outlook [3] Performance Analysis - Over the past 90 days, the Zacks Consensus Estimate for CNK's full-year earnings has increased by 28.8%, reflecting improved analyst sentiment [4] - Cinemark Holdings has achieved a year-to-date return of approximately 96.7%, significantly outperforming the average gain of 3.8% in the Consumer Discretionary group [4] - In comparison, iPower Inc. (IPW), another outperforming stock in the Consumer Discretionary sector, has returned 213.3% year-to-date [5] Industry Context - Cinemark Holdings is part of the Leisure and Recreation Services industry, which includes 30 stocks and is currently ranked 77 in the Zacks Industry Rank [6] - The Leisure and Recreation Services industry has seen an average gain of 10.2% this year, indicating that CNK is performing better than its industry peers [6] - In contrast, iPower Inc. belongs to the Consumer Products - Discretionary industry, which has a ranking of 42 and has increased by 18.5% this year [6] Future Outlook - Investors interested in Consumer Discretionary stocks should monitor Cinemark Holdings and iPower Inc. for potential continued strong performance [7]

Group 1: KT Corporation - KT Corporation is a telecommunications and platform services company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 3.9% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 8.31, compared to the industry average of 12.10, and possesses a Value Score of A [1] Group 2: Orange County Bancorp, Inc. - Orange County Bancorp, Inc. is a commercial and consumer banking company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 9.9% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 9.91, compared to the industry average of 11.90, and possesses a Value Score of B [2] Group 3: Cinemark Holdings, Inc. - Cinemark Holdings, Inc. is a motion picture exhibitor with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 22% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 20.72, compared to 23.15 for the S&P 500, and possesses a Growth Score of A [3]

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 ...

Economic Overview - Consumer confidence in the U.S. increased significantly in August, rising to 103.3 from a revised 101.9 in July, marking the highest level in six months and surpassing the consensus estimate of 100.3 [3] - The Present Situation Index, which measures consumers' assessment of current business and labor market conditions, rose to 134.4 in August from 133.1 in July [3] - The Expectations Index, reflecting consumers' short-term outlook for income and business conditions, increased to 82.5 from 81.1 in July, indicating a positive sentiment as it remained above the critical threshold of 80 for the second consecutive month [4] Inflation and Federal Reserve Actions - Cooling inflation and indications from the Federal Reserve regarding potential rate cuts have contributed to increased consumer confidence [5][6] - Markets are anticipating a 25-basis-point rate cut in September, with some expectations of a 50-basis-point cut, which typically benefits growth stocks, particularly in the technology and consumer discretionary sectors [7] Investment Opportunities in Consumer Discretionary Stocks - Four consumer discretionary stocks are highlighted as potential investment opportunities due to positive earnings estimate revisions: Cinemark Holdings, Inc. (CNK), Traeger, Inc. (COOK), Kontoor Brands, Inc. (KTB), and Royal Caribbean Cruises Ltd. (RCL) [2][8] Cinemark Holdings, Inc. (CNK) - Cinemark operates 408 theatres and 4,657 screens across 38 states and 12 countries, primarily in Latin America [9] - The expected earnings growth rate for the current year is 0.8%, with a 26.2% improvement in the Zacks Consensus Estimate over the past 60 days [9] Traeger, Inc. (COOK) - Traeger specializes in wood pellet grills, allowing various cooking methods on one system [11] - The expected earnings growth rate for the current year exceeds 100%, with a 100% improvement in the Zacks Consensus Estimate over the past 60 days [11] Kontoor Brands, Inc. (KTB) - Kontoor Brands designs and distributes apparel, including well-known brands like Wrangler and Lee [13] - The expected earnings growth rate for the current year is 12.7%, with a 1.5% improvement in the Zacks Consensus Estimate over the past 60 days [15] Royal Caribbean Cruises Ltd. (RCL) - Royal Caribbean operates multiple global cruise brands and has a significant investment in TUI Cruises [16] - The expected earnings growth rate for the current year is 69.9%, with a 3.6% improvement in the Zacks Consensus Estimate over the past 60 days [17]