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].

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CNK meets this criterion too, as the stock gained 3.3% over the past 12 weeks. Moreover, ...

Even though Cinemark beat Wall Street projections for the top and bottom lines for the first quarter, the downward trend is evident. In Q1 of this year, revenue came in at $579 million. However, in the year-ago quarter, sales stood at $611 million. Now, it's true that the Hollywood writers' strike impacted the entertainment offerings. Further, industry insiders are looking forward to a more exciting slate in the second half of this year and beyond. Still, the fundamental data isn't encouraging. And moviegoe ...

Investors interested in stocks from the Leisure and Recreation Services sector have probably already heard of Cinemark Holdings (CNK) and Vail Resorts (MTN) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and esti ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are unde ...

Cinemark Holdings, Inc. (NYSE:CNK) Q1 2024 Earnings Conference Call May 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 Eric Handler - ROTH MKM David Karnovsky - JPMorgan Ben Swinburne - Morgan Stanley Robert Fishman - MoffettNathanson Omar Mejias - Wells Fargo Mike Hickey - Benchmark Jim Goss - Barrington Research Stephen Laszczyk - G ...

Cinemark Holdings (CNK) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of a loss of $0.21 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 190.48%. A quarter ago, it was expected that this movie theater owner would post a loss of $0.16 per share when it actually produced a loss of $0.15, delivering a surprise of 6.25%.Over the last four quarter ...

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 March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding ...

Financial Performance - Cinemark Holdings, Inc. reported total revenue of $579.2 million for Q1 2024, a decrease of 5.2% compared to $610.7 million in Q1 2023[10]. - Admissions revenue decreased by 6.8% to $289.8 million, while concession revenue decreased by 4.9% to $224.2 million, driven by a 7.5% decrease in attendance to 39.7 million patrons[10]. - Adjusted EBITDA for Q1 2024 was $70.7 million, down from $86.2 million in Q1 2023, resulting in a 12.2% Adjusted EBITDA margin[15][17]. - Net income attributable to Cinemark Holdings, Inc. was $24.8 million for Q1 2024, compared to a loss of $(3.1) million in Q1 2023[21]. - Total revenue for Q1 2024 was reported at $579 million, a decrease of 5.1% compared to $610.7 million in Q1 2023[34]. - Net income for Q1 2024 was $25 million, with diluted earnings per share of $0.19, compared to a net loss of $2.5 million in Q1 2023[33]. - Adjusted EBITDA for Q1 2024 was $71 million, representing a margin of 12.2%[34]. - Admissions revenue decreased to $231.8 million in Q1 2024 from $244.7 million in Q1 2023, a decline of 5.9%[32]. - Concession revenue also fell to $178.6 million in Q1 2024, down from $186.8 million in Q1 2023, a decrease of 4.4%[32]. Attendance and Market Presence - The company entertained 40 million moviegoers across its global footprint during the quarter[20]. - The average ticket price decreased to $23.6 in Q1 2024 from $25.2 in Q1 2023[32]. - The worldwide average ticket price was $7.30, and concession revenue per patron was $5.65 during the quarter[10]. - Concession revenue per patron increased to $7.57 in Q1 2024 from $7.41 in Q1 2023[32]. - The company operated 502 theatres with 5,708 screens across 42 states and 13 countries as of March 31, 2024[35]. Cash and Debt Management - As of March 31, 2024, Cinemark had cash and cash equivalents of $788.6 million, down from $849.1 million at the end of 2023[7]. - The company maintained a cash balance of $789 million at the end of Q1 2024[34]. - Total long-term debt as of March 31, 2024, was $2,399.4 million, slightly up from $2,399.1 million at the end of 2023[7]. - Cinemark redeemed the remaining $150 million of COVID-related senior secured notes, reflecting a positive long-term outlook for the company[27]. - Cinemark redeemed $150 million of COVID-related senior secured notes on May 1, 2024, ahead of their maturity in May 2025[34]. Expansion Plans - The company plans to open 3 new theatres and 33 screens over the next two years, expanding its market presence[4].