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 ...

Financial Data and Key Metrics Changes - In Q1 2024, the company generated $579.2 million in worldwide revenue and delivered $70.7 million of adjusted EBITDA, yielding a solid adjusted EBITDA margin of 12.2% [45][64] - The company reported a net income of $24.8 million for the quarter, resulting in earnings per share of $0.19, which included a $27.7 million tax benefit [76] - The company ended the quarter with a strong cash position of $789 million and a net leverage ratio of 2.8 times for the trailing 12 months [50][77] Business Line Data and Key Metrics Changes - Domestic segment generated $457 million of total revenue with $49.1 million of adjusted EBITDA, yielding an adjusted EBITDA margin of 10.7% [73] - International operations delivered $122.2 million of total revenue with $21.6 million of adjusted EBITDA, yielding a 17.7% adjusted EBITDA margin [47] - Concession revenue in the U.S. reached $178.6 million, with a record concession per cap of $7.57, growing 2% year-over-year [10][45] Market Data and Key Metrics Changes - The North American industry box office declined modestly compared to 2023, with strong performances from titles like "Dune Part Two" and "Kung Fu Panda 4" [20][37] - The company maintained strong market share across both domestic and international markets, with a recovery exceeding industry averages by 700 basis points domestically and 600 basis points internationally compared to 2019 [63][42] Company Strategy and Development Direction - The company emphasizes a disciplined approach to capital allocation, focusing on strengthening its balance sheet while pursuing strategic investments for long-term success [51][52] - The company is optimistic about the resurgence of film volume, supported by a diverse slate of upcoming films and a strong consumer interest in theatrical experiences [25][40] - The company aims to enhance its theater offerings, including premium amenities and expanded food and beverage options, to drive incremental growth [69][70] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer spending has remained resilient, with no significant impact from macroeconomic conditions observed so far [81] - The company expects ongoing inflationary pressures but plans to offset these through strategic sourcing and pricing strategies [140] - Management remains optimistic about the future, anticipating a return to pre-pandemic levels of film volume by 2025 or 2026 [138][110] Other Important Information - The company successfully retired $150 million of COVID-related debt, reflecting confidence in its financial position and the industry's recovery [39] - The company has over 21 million members in its global loyalty programs, with the U.S. Movie Club accounting for 25% of domestic box office revenue [43][91] Q&A Session Summary Question: Impact of consumer spending on ticket and concession purchases - Management indicated that consumer behavior remains consistent with historical trends, with no significant impact from the macro economy observed [55] Question: Staffing costs and expense control initiatives - Management discussed ongoing efforts to optimize staffing based on attendance levels and to drive labor productivity through various initiatives [84][111] Question: Market share performance and loyalty programs - Management highlighted the positive impact of loyalty programs on market share, noting that Movie Club members tend to be more frequent and satisfied moviegoers [113][91] Question: M&A strategy and capital allocation - Management stated that M&A remains a potential growth avenue, with a focus on high-quality assets that can deliver solid returns [115][116] Question: Future film output and relationships with studios - Management expressed positive relationships with studio partners and noted that exclusive theatrical windows enhance the value of films [96][121]

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].

Cinemark Holdings (CNK) shares ended the last trading session 5.4% higher at $19.77. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.3% gain over the past four weeks.Shares of Cinemark jumped, after an analyst at Wells Fargo upgraded the company’s rating. Per the report, the analyst raised his rating from underweight to overweight, citing the many planned movies of the year. He believes that the Cinemark stock pr ...