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]

Industry Overview - The Zacks Leisure and Recreation Services industry is currently facing challenges due to high inflation and elevated interest rates, but is benefiting from optimized business processes, strategic partnerships, and digital initiatives [1][3] - The industry includes various recreation providers such as cruise operators, theme parks, and entertainment companies, which thrive on economic growth and consumer demand [2] Current Trends - High interest rates have negatively impacted the industry, with the Federal Reserve increasing rates by 525 basis points since March 2022 to combat inflation, which has recently slowed to 2.9% in July 2024 [3] - The cruise industry is experiencing strong demand, with passenger numbers projected to reach 35.7 million in 2024, up from 31.7 million in 2023, supported by solid bookings and onboard spending [4] - Theme parks are benefiting from rising consumer spending and technological integration, leading to improved visitation and customer experiences [5] Industry Performance - The Zacks Leisure and Recreation Services industry ranks 164 out of 251 Zacks industries, placing it in the bottom 35% and indicating dull near-term prospects [6][7] - The industry's earnings estimates for 2024 have declined by 4.3% since April 30, 2024, reflecting a negative outlook from analysts [8] - Over the past year, the industry has underperformed the S&P 500, gaining only 4.4% compared to the S&P 500's increase of 27% [10] Valuation Metrics - The industry trades at a forward 12-month EV/EBITDA ratio of 56.41X, significantly higher than the S&P 500's 25.11X and the sector's 13.76X [11] Company Highlights - **Royal Caribbean Cruises Ltd. (RCL)**: The company is benefiting from strong demand and robust booking trends, with expected sales and earnings growth of 18.1% and 69.9% respectively in 2024 [12][13] - **Norwegian Cruise Line Holdings Ltd. (NCLH)**: The company has seen record advance ticket sales and raised its 2024 guidance, with expected earnings growth of 122.9% year over year [14] - **Cinemark Holdings, Inc. (CNK)**: The company is optimistic about growth prospects due to recovering film volume and strong content appeal, with shares surging 64.8% in the past three months [17][18]

Cinemark Holdings (CNK) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this movie theater owner, should get reflected in its stock price. After all, empirical research shows a strong correlation ...

100 0 Holly Guerrio Cinemark Holdings, Inc. (NYSE:CNK) recently reported the company's Q2 results, showing a notable year-on-year decline in revenues and earnings as the box office remains slow. Still, with the box office pipeline remaining strong for upcoming years, the company's longer-term outlook remains good. I previously wrote an article on the stock on the 21st of September in 2023, titled "Cinemark: Rebound Potential Still Left". In the article, I rated Cinemark at a Buy rating due to the company's ...

Have you been paying attention to shares of Cinemark Holdings (CNK) ? Shares have been on the move with the stock up 26.4% over the past month. The stock hit a new 52-week high of $26.92 in the previous session. Cinemark Holdings has gained 90.9% since the start of the year compared to the -6% move for the Zacks Consumer Discretionary sector and the -4.9% return for the Zacks Leisure and Recreation Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings ...

While Monday was a bloodbath for most equities, the market wasn't completely devoid of winners. One standout performer was movie theater owner and operator Cinemark (NYSE:CNK). On the surface, an enterprise with fading relevance to the consumer would seem problematic. However, CNK stock not only gained nearly 10% so far this week but shot up almost 14% in the past 5 trading days. Even better, it might not be done with its northward trek. Catapulting sentiment was the company's surprisingly robust second-qua ...

Cinemark Holdings, Inc. (NYSE:CNK) Q2 2024 Earnings Conference Call August 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 Aaron Lee - Macquarie David Karnovsky - JPMorgan Eric Handler - ROTH MKM Ben Swinburne - Morgan Stanley Jim Goss - Barrington Research Omar Mejias - Wells Fargo Mike Hickey - Benchmark Eric Wold - B. Riley Securiti ...

Core Viewpoint - Cinemark Holdings (CNK) reported a significant decline in revenue and earnings for the quarter ended June 2024, with a year-over-year revenue drop of 22.1% and EPS decreasing from $0.80 to $0.32, although the revenue exceeded Wall Street expectations by 5.91% [1] Financial Performance - Revenue for the quarter was $734.2 million, compared to the Zacks Consensus Estimate of $693.22 million [1] - EPS of $0.32 represented a surprise of +357.14% over the consensus estimate of $0.07 [1] Key Metrics - Average ticket price in the U.S. Operating Segment was $9.88, exceeding the estimate of $9.79 [3] - Average ticket price in the International Operating Segment was $3.75, below the estimate of $4.06 [3] - Concession revenues per patron in the U.S. Operating Segment were $7.95, slightly above the estimate of $7.85 [3] Attendance and Revenue Breakdown - Attendance in the International Operating Segment reached 20.9 million, surpassing the estimate of 18.71 million [4] - Revenue from International Admissions was $78.40 million, exceeding the estimate of $75.92 million, but reflecting a year-over-year decline of 25.3% [5] - Revenue from U.S. Admissions was $287.40 million, above the estimate of $271.33 million, with a year-over-year decline of 23% [6] - Revenue from U.S. Other was $53.20 million, exceeding the estimate of $47.39 million, with an 18.4% decline year-over-year [7] - Revenue from U.S. Concessions was $231.40 million, above the estimate of $217.50 million, reflecting a 21.9% decline year-over-year [8] - Revenue from International Other was $22.30 million, exceeding the estimate of $20.07 million, with an 11.9% decline year-over-year [9] - Total revenue from Admissions was $365.80 million, above the estimate of $349.10 million, with a year-over-year decline of 23.5% [10] - Revenue from Other was $75.50 million, exceeding the estimate of $70.15 million, reflecting a 16.6% decline year-over-year [11] - Revenue from Concessions was $292.90 million, above the estimate of $273.97 million, with a year-over-year decline of 21.6% [12] Stock Performance - Cinemark shares have returned +8.1% over the past month, contrasting with the Zacks S&P 500 composite's -0.4% change [12] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [12]