Core Viewpoint - Imax is expected to report significant growth in earnings and revenues for the upcoming quarter, with analysts predicting a 70.6% increase in earnings per share and a 21.8% rise in revenues compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate for Imax has been revised 7.1% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast total revenues of $104.78 million for Imax, reflecting a year-over-year increase of 21.8% [1]. - Specific revenue estimates include: - 'Revenues- All other' at $4.66 million, a change of +5.1% from the previous year [4]. - 'Revenues- Technology Products and Services' at $71.40 million, indicating a +14.3% change [5]. - 'Revenues- Content Solutions' expected to reach $28.72 million, a +50.4% increase [5]. - 'Revenues- Technology Products and Services Revenue- Maintenance' at $15.56 million, +8.5% change [6]. - 'Revenues- Technology Products and Services Revenue- System Rentals' at $14.03 million, +8.3% change [6]. - 'Revenues- Content Solutions Revenue- Film Remastering and Distribution' at $22.95 million, +36.1% change [7]. - 'Revenues- Technology Products and Services Revenue- System Sales' at $40.13 million, +21.7% change [7]. System Installations and Margins - Analysts estimate 'Total IMAX System installations' to be 62, down from 69 a year ago [8]. - The 'Total System Network (IMAX systems)' is projected to reach 1,776, slightly up from 1,772 last year [8]. - Gross margin estimates include: - 'Gross Margin- Content solutions' at $15.82 million, compared to $9.71 million last year [8]. - 'Gross Margin- All Other' at $5.61 million, up from $4.10 million [9]. - 'Gross Margin- Technology Products and Services' at $38.01 million, compared to $29.88 million last year [9]. Stock Performance - Imax shares have shown a return of +16.3% over the past month, outperforming the Zacks S&P 500 composite's +4.7% change [9].

Core Viewpoint - Imax (IMAX) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on February 19, 2025, with a consensus estimate of $0.31 per share, reflecting an 82.4% increase year-over-year. Revenues are projected to reach $108.13 million, a 25.7% increase from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 7.14% higher in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Imax is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -37.77%, suggesting a bearish outlook from analysts [10][11]. Historical Performance - Imax has a history of beating consensus EPS estimates, having done so in the last four quarters, including a surprise of +59.09% in the most recent quarter where it reported earnings of $0.35 per share against an expectation of $0.22 [12][13]. Conclusion - Despite the historical performance of beating estimates, Imax does not currently appear to be a strong candidate for an earnings beat, and investors should consider other factors before making investment decisions [16].

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]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows, utilizing decades of expertise and experience among its content creators [4] - Automation and software tools, including generative AI, are occasionally used, but all content is edited and authored by humans to ensure quality [5]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading activities [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to perform their own research [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to understand these instruments fully before engaging in any trading activities [1]. - The website disclaims any responsibility for trading losses incurred as a result of using the information provided [1].

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 ...

Core Viewpoint - IMAX Corporation reported mixed financial results for Q3 2024, with adjusted earnings beating estimates but revenues declining due to a box office slump, raising questions about future performance leading up to the next earnings release [2][21]. Financial Performance - Adjusted earnings for Q3 2024 were 35 cents per share, exceeding the Zacks Consensus Estimate by 59% and remaining flat year over year [2]. - Total revenues amounted to $91.4 million, missing estimates by 2.88% and decreasing 12% year over year [2]. Market Performance - Greater China remains the largest market for IMAX, contributing approximately 25% of overall revenues, but revenues from this region fell 24.6% year over year to $21.3 million [3]. - IMAX's box office generated $239.5 million in Q3 2024, a decrease of 31% from $347.1 million in the same period last year, attributed to a less favorable content mix [7]. Revenue Breakdown - Category-wise, revenues from image enhancement and maintenance services, technology rentals, and finance income decreased by 22.2%, 29.9%, and 9.8% year over year, while technology sales revenues increased by 44% to $26.3 million [4]. - Segment-wise, Content Solutions revenues fell 31.9% to $30.12 million, while Technology Products and Services revenues rose 3.2% to $57.9 million [5]. Operating Metrics - Gross margin contracted by 460 basis points to 55.8%, with specific declines in Content Solutions and Technology Products and Services gross margins [13]. - Adjusted EBITDA was $35.5 million, reflecting a year-over-year increase of 21.1% [14]. Cash Flow and Liquidity - Net cash provided by operating activities for the year-to-date September 2024 was $59 million, up from $55 million in the prior year [16]. - As of September 30, 2024, available liquidity was $413 million, including cash and cash equivalents of $105 million [17]. Future Guidance - IMAX expects full-year 2024 global box office to be similar to 2023, with plans to install 130-150 systems and anticipates high-single-digit revenue growth for 2025 [21].

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Industry Overview - The entertainment and media industry grew 5% to $2.8 trillion in 2023 and is projected to reach $3.4 trillion over the next five years at a compound annual growth rate of nearly 4% [2] - Non-English language content is experiencing rapid growth even in traditionally English-speaking markets, with Netflix reporting a 90% increase in viewership of non-English content in the U.K. over the last three years [2] Company Initiatives - IMAX is leveraging AI to enhance localization of its original content in response to the rising demand for non-English content [1][3] - IMAX has partnered with Dubai-based startup Camb.ai to utilize its AI speech models for translating original content, including documentaries [3] Camb.ai Technology - Camb.ai has developed AI dubbing and speech translation technologies that have been successfully used in live sports events and leagues [4] - The company offers its Boli model for speech-to-text translation and Mars for speech emulation, supporting 140 languages, including low-resource languages [4] AI Deployment and Strategy - IMAX plans to roll out AI translations in stages, starting with high-resource languages, following internal testing of Camb.ai's technology on its original content [9] - The AI technology can deliver speech translation in up to 10 languages simultaneously with a latency of 20 to 30 seconds, which aligns with typical streaming delays [9] Financial Aspects - IMAX's AI deployment is expected to reduce translation costs, although specific figures were not disclosed [11] - Camb.ai raised $4 million in a seed round led by Courtside Ventures and is currently closing a larger pre-Series A round to expand its operations [11]

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 ...