Cinemark Holdings (CNK) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 357.14%. A quarter ago, it was expected that this movie theater owner would post a loss of $0.21 per share when it actually produced earnings of $0.19, delivering a surprise of 190.48%. Over the last four quarter ...

| --- | --- | --- | |----------------|-------|-------| | | | | | Investor | | | | Presentation | | | | August 2, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Forward Looking Statements CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS PURSUANT TO THE U.S. PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This presentation contains, and our officers and representatives may from time to time make, "forward–looking statements" within the meaning of the safe harbor provisions of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |--------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|------- ...

Exhibit 99.1 CINEMARK HOLDINGS, INC. REPORTS SECOND QUARTER 2024 RESULTS Delivered Total Revenue of $734 million, Net Income of $47 million, and Adjusted EBITDA of $142 million with a strong 19.4% Adjusted EBITDA margin Continued to significantly strengthen the balance sheet while pursuing strategic and financially accretive investments Plano, TX, August 2, 2024 – Cinemark Holdings, Inc. (NYSE: CNK), one of the largest and most influential theatrical exhibition companies in the world, today reported results ...

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Core Insights - The article discusses the importance of estimate revisions ahead of earnings releases, highlighting the Zacks Earnings ESP model as a tool for predicting earnings surprises [1][7]. Group 1: Company Earnings Expectations - Marcus (MCS) is expected to report earnings per share (EPS) of $0.03 for the quarter ended June 2024, indicating a year-over-year decline of 91.4% [2]. - Cinemark is projected to post quarterly earnings of $0.07 per share, also reflecting a year-over-year change of -91.3% [3]. - Revenues for Cinemark are anticipated to be $685.45 million, down 27.3% from the previous year [5]. - The consensus EPS estimate for Marcus has been revised 9.7% upward over the last 30 days, but it currently has an Earnings ESP of 0.00% [12]. Group 2: Earnings Surprise Predictions - Cinemark's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +12.50%, suggesting a likelihood of beating the consensus EPS estimate [16][21]. - Over the last four quarters, Cinemark has consistently beaten consensus EPS estimates [22]. - Conversely, Marcus has a Zacks Rank of 4 (Sell), making it challenging to predict an earnings beat, with only two out of the last four quarters surpassing consensus EPS estimates [24]. Group 3: Market Reactions and Analyst Insights - The article emphasizes that the actual results compared to estimates will significantly influence Cinemark's near-term stock price [13]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a solid Zacks Rank [29]. - The market's reaction to earnings reports can be influenced by various factors beyond just the earnings beat or miss [26].

Core Viewpoint - The movie theater industry is currently facing challenges, but Cinemark Holdings (NYSE:CNK) is experiencing a positive shift in Wall Street sentiment, reflected in stock upgrades and increased price targets [1][2]. Company Performance - Analyst Eric Wold of B. Reilly Financial raised the price target for CNK stock from $16 to $27 and upgraded the rating from "neutral" to "buy," contributing to a rise in shares [2]. - Cinemark reported a net income of $25 million and adjusted EBITDA of $71 million, with a healthy margin of 12.2%. The company ended the quarter with $789 million in cash and plans to open 36 new screens over the next two years [7]. - Over the past six months, CNK stock has risen approximately 60%, outperforming its main competitor, AMC Entertainment, which has shown minimal growth during the same period [8]. Market Sentiment - There is growing optimism among analysts regarding Cinemark's growth prospects, with six out of seven surveyed analysts rating it as a buy, leading to a moderate buy consensus [9]. - InvestorPlace contributor Stavros Tousios highlighted Cinemark as a potential meme stock, noting its strong financials despite the industry's struggles [3][4].

Shares of Cinemark jumped, after an analyst at Roth MKM upgraded the company's rating. Optimism is fueled by anticipated improvements in box office performance driven by a strong lineup of blockbuster releases and the company's strategic debt reduction plans. Furthermore, the potential reintroduction of capital returns, such as dividends or share buybacks, after debt reduction and achieving optimal leverage levels, enhances investor confidence. For Cinemark, the consensus EPS estimate for the quarter has be ...

Core Viewpoint - Cinemark Holdings Inc has been upgraded by an analyst due to recent strength in box office releases, debt reduction plans, and the potential for capital returns [2][3][7] Group 1: Box Office Performance - The second quarter box office is expected to decline by 30% year-over-year, but a recovery is anticipated in the third quarter with an estimated decline of only 6% year-over-year [3] - Monthly revenue is projected to turn positive in September and remain strong throughout the fourth quarter, with a forecasted growth of 27% driven by blockbuster titles [4] - The domestic box office is expected to reach $9.4 billion in 2025, representing a 15% increase from 2024 estimates and a 6% increase from 2023 figures [4] Group 2: Debt Management and Capital Returns - Cinemark is likely to pay off debt with cash rather than allowing it to convert to shares, aiming to reduce debt levels to those seen at the end of 2019 [5] - After repaying convertible debt and returning net leverage to pre-pandemic levels, Cinemark is expected to revisit its capital return strategy, with a dividend reinstatement being the most likely option [5] - The company may also consider share buyback authorization as part of its capital return strategy [5] Group 3: Analyst Sentiment and Stock Performance - The analyst upgraded Cinemark's rating from Neutral to Buy and raised the price target from $19 to $26, indicating a positive outlook for the company [7] - Cinemark shares increased by 4% to $20.25, with a 52-week trading range of $13.19 to $20.40, and the stock has risen 22% over the past year [6] - The analyst believes that Cinemark will prosper over the next 2.5 years, citing several favorable trends in the industry [8]

Core Viewpoint - Cinemark Holdings (CNK) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Cinemark suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10]. Earnings Estimate Revisions for Cinemark - Cinemark is projected to earn $1.10 per share for the fiscal year ending December 2024, reflecting a year-over-year decline of -17.9% [8]. - Over the past three months, the Zacks Consensus Estimate for Cinemark has increased by 34.1%, indicating a positive trend in earnings estimates [8].