Which new IMAX markets have the most growth potential right now. Japan is one of them. Australia has been another significant market.Middle East, Southeast Asia. We continue in certain parts of Europe as well like France and Germany. We have um two theaters in Pakistan.We're opening a theater in Iraq shortly. We have theaters in Lebanon. So, you know, underpenetrated areas in in in the world.Our rest of world market share is about 2%. And so if you can start to uptick that market share a little bit, that's ...

Core Insights - IMAX is experiencing growth driven by a series of box office successes in 2025, capturing nearly 4% of global ticket sales despite operating on less than 1% of screens [1] Strategic Pathways - The company is pursuing several strategic pathways to sustain its growth, including expanding its global network [1] - IMAX plans to broaden its content offerings by including local language films, documentaries, and other types of content [1]

Industry Overview - Linear TV is experiencing a decline due to the rise of streaming services, indicating a significant shift in consumer behavior and media consumption [1] - The film industry is also struggling to maintain relevance in a world dominated by streaming and social media, with the global box office reaching its peak in 2019 [1] Investment Strategy - The focus is on investing in companies with strong qualitative attributes, acquiring them at attractive prices based on fundamentals, and holding them for the long term [2] - The investment approach involves managing a concentrated portfolio aimed at minimizing losses while maximizing exposure to high-potential winners [2] - Companies may receive a 'Hold' rating if their growth opportunities do not meet the investor's threshold or if their downside risks are deemed too high [2]

Industry Overview - Linear TV is experiencing a decline due to the rise of streaming services, indicating a significant shift in consumer behavior and media consumption [1] - The film industry is also struggling to maintain relevance in a world dominated by streaming and social media, with the global box office having peaked in 2019 [1] Investment Strategy - The focus is on investing in companies with strong qualitative attributes, purchasing them at attractive prices based on fundamentals, and holding them for the long term [2] - The investment approach involves managing a concentrated portfolio aimed at avoiding underperformers while maximizing exposure to high-potential winners [2] - Companies may receive a 'Hold' rating if their growth opportunities do not meet the investor's threshold or if their downside risks are deemed too high [2]

Core Viewpoint - IMAX is currently positioned as a promising momentum stock, with a Zacks Rank of 2 (Buy) and a Momentum Style Score of B, indicating potential for short-term gains [3][10]. Momentum Characteristics - Momentum investing focuses on following a stock's recent price trends, with the expectation that established trends will continue [1]. - IMAX shares have increased by 2% over the past week, while the Zacks Film and Television Production and Distribution industry remained flat during the same period [5]. - Over the last month, IMAX's stock price has risen by 12.94%, outperforming the industry's 5.1% [5]. Long-term Performance - IMAX shares have shown significant long-term growth, with a 26.06% increase over the past quarter and a 66.45% increase over the last year [6]. - In comparison, the S&P 500 has only moved 8.19% and 19.01% over the same periods, highlighting IMAX's strong performance relative to the broader market [6]. Trading Volume - The average 20-day trading volume for IMAX is 898,094 shares, which serves as a bullish indicator when combined with rising stock prices [7]. Earnings Outlook - Recent earnings estimate revisions for IMAX have been positive, with two estimates moving higher for the full year, raising the consensus estimate from $1.16 to $1.21 [9]. - For the next fiscal year, two estimates have also increased, with no downward revisions noted [9].

Core Insights - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum, enhancing the Zacks Rank for better investment decisions [2][3][7] Zacks Style Scores Overview - The Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Each stock is rated from A to F, with A indicating the highest potential for outperforming the market [3] Value Score - The Value Score identifies undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, helping investors find attractive investment opportunities [3] Growth Score - The Growth Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential [4] Momentum Score - The Momentum Score focuses on stocks with upward or downward price trends, utilizing recent price changes and earnings estimate revisions to identify favorable buying opportunities [5] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive rating that helps investors identify stocks with the best overall potential [6] Zacks Rank Integration - The Zacks Rank, a proprietary stock-rating model, uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.81% since 1988, significantly outperforming the S&P 500 [7][9] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment success [9][10] Company Spotlight: IMAX - IMAX, a leading global entertainment technology company, holds a Zacks Rank of 2 (Buy) and a VGM Score of B, making it a notable investment opportunity [11] - The company has seen a 12.9% increase in share price over the past four weeks, indicating strong momentum [11] - Analysts have revised IMAX's fiscal 2025 earnings estimate upwards by $0.05 to $1.21 per share, with an average earnings surprise of +26.8%, further solidifying its investment appeal [12]

Group 1 - Imax is part of the Consumer Discretionary group, which consists of 254 companies and currently ranks 10 in the Zacks Sector Rank [2] - Imax has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook with a 11.4% increase in the consensus estimate for its full-year earnings over the past three months [3] - Imax has returned 27.4% year-to-date, significantly outperforming the average gain of 10.4% in the Consumer Discretionary group [4] Group 2 - Imax belongs to the Film and Television Production and Distribution industry, which includes 8 stocks and is currently ranked 205 in the Zacks Industry Rank [5] - The average gain for stocks in the Film and Television Production and Distribution industry is 25.3% this year, indicating Imax's strong performance relative to its industry peers [5] - Perdoceo Education, another stock in the Consumer Discretionary sector, has a year-to-date return of 34.8% and also holds a Zacks Rank of 2 (Buy) [4][6]

Core Insights - IMAX Corp. is experiencing strong box office performance and global expansion, with third-quarter receipts exceeding forecasts and profitability improving due to higher-margin local-language films and blockbuster IMAX releases [1][2] Financial Performance - Third-quarter box office receipts are tracking at $324 million, surpassing Wedbush's estimate of $299 million [2] - Expected revenue for the third quarter is between $100 million and $102 million, ahead of the consensus estimate of $99 million, with adjusted EBITDA likely exceeding $40 million compared to the previous model of $37 million [3] - Earnings per share are forecasted to be between 31 cents and 34 cents, against a consensus estimate of 32 cents [3] Profitability Metrics - IMAX's EBITDA margins reached 42.6% in the first half of 2025, an increase of over 500 basis points year-on-year, with management raising its full-year outlook to the low-40s [4] Growth Drivers - IMAX added 17 net new screens in the third quarter and raised its 2025 guidance to 150–160 screens, up from 145–160 [5] - Recent installations are focused in high-performing markets such as Japan, South Korea, France, the Middle East, and North America, where per-screen averages exceed global norms by over 20% [5] - IMAX estimates only 36% global market penetration, indicating significant expansion potential [5] Future Outlook - More than 14 blockbuster titles filmed with IMAX cameras are scheduled for release in 2025, compared to the historical average of one to three [6] - A stronger and higher-quality pipeline for 2026 is anticipated to further enhance market share [6] - Local-language productions, especially in China and other international markets, are contributing more to box office success than underperforming Hollywood releases [6]

Core Points - The article discusses the passing of David Keighley, the founder of IMAX technology, who died at the age of 78, highlighting his significant contributions to the film industry and the IMAX experience [3][27] - Keighley's work ensured that IMAX not only provided a superior viewing experience but also maintained high standards in cinema quality and artistic integrity [20][24] IMAX Technology Development - IMAX technology originated in 1967 at the Montreal Expo, where a large screen was created using seven projectors, marking the beginning of IMAX [7][9] - The use of 70mm film in IMAX, which is three times the size of standard film and nearly ten times the area of 35mm film, allows for clearer and larger images [9][10] - Keighley developed the DMR (Digital Remastering) technology, which enhances standard 35mm films to IMAX quality through digital optimization [12][14] Quality Assurance and Standards - Keighley established a rigorous IMAX Quality Assurance system to ensure consistent viewing experiences across all IMAX theaters globally [20][22] - This system includes regular checks on brightness, sound calibration, and overall cinema conditions to maintain IMAX's high standards [22][24] Artistic Contributions - Keighley played a crucial role in preserving the artistic intentions of filmmakers, ensuring that the unique aspects of IMAX, such as its aspect ratios, were effectively utilized [24][25] - His attention to detail allowed directors like Christopher Nolan to confidently use complex compositions that demanded high-quality projection [25][27] Legacy - David Keighley's contributions have left a lasting impact on the IMAX brand, transforming it from a technological innovation into an artistic phenomenon [27]

Core Insights - IMAX Corporation reported a successful global rollout of "Demon Slayer: Kimetsu No Yaiba Infinity Castle," achieving a $20 million weekend worldwide box office [1] - The film had a remarkable $13 million opening in North America, accounting for 19% of its domestic box office [1] - This opening marks the largest domestic opening ever for an IMAX local language release, contributing to a record $316 million in local language box office for IMAX in 2025 [1]