Group 1: Company Performance - Imax has returned 68.2% year-to-date, significantly outperforming the average return of 13.9% for Consumer Discretionary companies [6] - The Zacks Consensus Estimate for Imax's full-year earnings has increased by 11.9% in the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [6] - Imax holds a Zacks Rank of 2 (Buy), suggesting it has characteristics favorable for outperforming the market [5] Group 2: Industry Context - Imax is part of the Film and Television Production and Distribution industry, which consists of 7 companies and currently ranks 64 in the Zacks Industry Rank [7] - The average return for stocks in the Film and Television Production and Distribution industry is 22.1% this year, indicating that Imax is performing better than its industry peers [7] - In contrast, Kontoor Brands, another Consumer Discretionary stock, has returned 38.1% year-to-date, with a Zacks Rank of 2 (Buy) [3][5]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

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The Zacks Film and Television Production and Distribution industry is witnessing a surge in demand for digital entertainment due to operational constraints faced by movie theaters, theme parks and cruise lines. This increased consumption of online media, music and news, driven by the work-and-learn-from-home trend, has been a boon for industry players like Warner Music Group (WMG) , News Corporation (NWSA) , Lions Gate Entertainment (LGF.A) and IMAX Corporation (IMAX) . However, as more players enter the fi ...

A month has gone by since the last earnings report for Imax (IMAX) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Imax due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. IMAX Q3 Earnings Beat, Revenues Fall Y/Y on Box Office SlumpIMAX ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...

With global content consumption rising and demand for non-English content surpassing that for English movies and shows, IMAX is leveraging AI to scale localization on its original content.The entertainment and media industry grew 5% to $2.8 trillion in 2023, according to a report by PwC. The industry is expected to continue its expansion, though at a modest compound annual growth rate of nearly 4% to $3.4 trillion over the next five years. Non-English language content is growing rapidly even in English mark ...

Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Middle East Cinema Market Report Forecast By Revenue, Countries and Company Analysis" report has been added to ResearchAndMarkets.com's offering.Middle East Cinema Market will reach US$ 3.44 billion by 2033, up from US$ 1.66 billion in 2024, with a CAGR of 8.41% between 2025 and 2033 The Middle East's growing urban centers, youthful population, and rising disposable incomes are the main factors driving the region's film industry. Increased audience engagement ...

Core Viewpoint - Imax shares have experienced significant growth, with a 22.9% increase over the past month and a 67.7% rise since the beginning of the year, outperforming both the Zacks Consumer Discretionary sector and the Film and Television Production and Distribution industry [1][2]. Financial Performance - Imax has consistently exceeded earnings expectations, reporting an EPS of $0.35 against a consensus estimate of $0.22 in its latest earnings report on October 30, 2024, although it missed revenue estimates by 2.88% [2]. - For the current fiscal year, Imax is projected to achieve earnings of $1.10 per share on revenues of $379.09 million, reflecting a 17.02% increase in EPS and a 1.13% increase in revenues. The next fiscal year forecasts earnings of $1.24 per share on $415.91 million in revenues, indicating year-over-year changes of 12.6% and 9.71%, respectively [3]. Valuation Metrics - Imax's current valuation metrics show a trading multiple of 22.9X current fiscal year EPS estimates, slightly above the peer industry average of 22.5X. The trailing cash flow multiple stands at 14.3X compared to the peer group's average of 8.9X, and the PEG ratio is 1.14, suggesting it is not among the top value stocks [7]. - The stock has a Value Score of C, a Growth Score of B, and a Momentum Score of D, resulting in a combined VGM Score of B [6]. Zacks Rank - Imax holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts, indicating a positive outlook for the stock [8][9].

Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Saudi Arabia Cinema Market Report Forecast By Revenue, Region and Company Analysis" report has been added to ResearchAndMarkets.com's offering.Saudi Arabia Cinema Market will reach US$ 1.29 billion by 2033, up from US$ 590.32 million in 2024, with a CAGR of 9.13% between 2025 and 2033 A youthful and tech-savvy populace, growing disposable incomes, more government funding for entertainment projects, and solid international alliances are major growth factors for ...