Cinemark(CNK)
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Cinemark Holdings (CNK) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-31 13:05
Cinemark Holdings (CNK) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 105.17%. A quarter ago, it was expected that this movie theater owner would post earnings of $0.07 per share when it actually produced earnings of $0.32, delivering a surprise of 357.14%.Over the last four quarter ...
Cinemark(CNK) - 2024 Q3 - Quarterly Report
2024-10-31 10:45
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 September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE | --- | --- | --- | --- | |--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...
Cinemark(CNK) - 2024 Q3 - Quarterly Results
2024-10-31 10:40
Exhibit 99.1 CINEMARK® CINEMARK HOLDINGS, INC. REPORTS THIRD QUARTER 2024 RESULTS Delivered record-high third quarter revenue of $922 million that grew 5% year-over-year Reported $189 million of net income and record-high third quarter Adjusted EBITDA of $221 million with a robust 23.9% Adjusted EBITDA margin Plano, TX, October 31, 2024 – Cinemark Holdings, Inc. (NYSE: CNK), one of the largest and most influential theatrical exhibition companies in the world, today reported results for the three and nine mo ...
Cinemark to Report Q3 Earnings: What's in Store for the Stock?
ZACKS· 2024-10-29 14:10
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 ...
Are Consumer Discretionary Stocks Lagging Cinemark (CNK) This Year?
ZACKS· 2024-10-28 14:40
Company Performance - Cinemark Holdings has shown a year-to-date performance increase of approximately 103.6%, significantly outperforming the average gain of 4.7% in the Consumer Discretionary sector [4] - The Zacks Consensus Estimate for Cinemark's full-year earnings has risen by 34.5% over the past quarter, indicating improved analyst sentiment and earnings outlook [3] Industry Context - Cinemark Holdings is part of the Leisure and Recreation Services industry, which consists of 31 individual stocks and currently ranks 75 in the Zacks Industry Rank [5] - The Leisure and Recreation Services industry has experienced an average gain of 10.5% this year, with Cinemark performing better than this average [5] Sector Ranking - The Consumer Discretionary sector, which includes Cinemark Holdings, ranks 8 in the Zacks Sector Rank, based on the average Zacks Rank of individual stocks within the sector [2] - Cinemark Holdings currently holds a Zacks Rank of 2 (Buy), indicating a favorable position among its peers [3]
Cinemark Holdings (CNK) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
ZACKS· 2024-10-24 15:06
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 ...
Is Cinemark (CNK) Stock Outpacing Its Consumer Discretionary Peers This Year?
ZACKS· 2024-10-11 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? 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 ...
Cinemark Holdings Inc (CNK) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-10-11 14:16
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 ...
Cinemark Stock Outpaces Industry in Past 3 Months: Should You Buy?
ZACKS· 2024-10-02 11:46
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]
Is Cinemark (CNK) Outperforming Other Consumer Discretionary Stocks This Year?
ZACKS· 2024-09-25 14:47
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]