These Analysts Boost Their Forecasts On Cinemark Following Upbeat Earnings
These Analysts Boost Their Forecasts On Cinemark Following Upbeat Earnings
"Numerous films across varied genres delivered solid results, including June's record-breaking release of Inside Out 2 – now the biggest animated title of all time – which drove cumulative Q2 box office performance beyond our expectations despite headwinds caused by last year's strikes in Hollywood," stated Sean Gamble, Cinemark President and CEO.Cinemark Holdings Inc (NYSE:CNK) reported better-than-expected second-quarter financial results on Friday.
周五，Cinemark Holdings Inc (NYSE:CNK) 报告了超出预期的第二季度财务业绩。
Cinemark reported a fiscal second-quarter 2024 sales decline of 22.1% year-on-year to $734.2 million, beating the analyst consensus estimate of $691.6 million. EPS of 32 cents beat the analyst consensus estimate of 9 cents.
Cinemark 报告称，2024财年第二季度销售额同比下降22.1%，至7342百万元，超过分析师的共识估计6916百万元。每股收益为32美分，超过分析师的共识估计9美分。
Admissions revenue decreased 23.5% to $365.8 million, and concession revenue declined 21.6% to $292.9 million, driven by a 22.4% decrease in attendance to 50.0 million patrons.
门票收入下降23.5%，为3658百万元，零食收入下降21.6%，为2929百万元，由于观众人数下降22.4% 致使。
"Numerous films across varied genres delivered solid results, including June's record-breaking release of Inside Out 2 – now the biggest animated title of all time – which drove cumulative Q2 box office performance beyond our expectations despite headwinds caused by last year's strikes in Hollywood," stated Sean Gamble, Cinemark President and CEO.
Cinemark总裁兼首席执行官肖恩·甘布尔表示：“在各种类型的电影中，包括6月份创下历史纪录的上映电影《头脑特工队2》 - 现在是所有时间最大的动画片 - 带动累计第二季度票房表现超出我们的预期，尽管受到去年好莱坞罢工的影响。"
Cinemark shares gained 0.9% to trade at $25.08 on Monday.
周一，Cinemark股价上涨0.9％至25.08美元。
These analysts made changes to their price targets on Cinemark following earnings announcement.
这些分析师根据财报公布改变了对Cinemark的目标价。
- JP Morgan analyst David Karnovsky maintained Cinemark with a Neutral and raised the price target from $22 to $25.
- B. Riley Securities analyst Eric Wold maintained the stock with a Buy and increased the price target from $27 to $31.
- Barrington Research analyst James Goss maintained Cinemark with an Outperform rating and raised the price target from $24 to $28.
- Roth MKM analyst Eric Handler maintained the stock with a Buy and boosted the price target from $28 to $30.
- Morgan Stanley analyst Benjamin Swinburne maintained Cinemark with an Overweight rating, while boosting the price target from $26 to $29.
- 摩根士丹利（Morgan Stanley）分析师Benjamin Swinburne维持Cinemark的权重，同时将目标价从22美元提高至29美元。
- b.Riley证券分析师Eric Wold保持股票买入，将价格目标从27美元提高至31美元。
- Barrington Research分析师James Goss维持股票跑赢市场，将价格目标从24美元提高至28美元。
- Roth MKm分析师Eric Handler保持股票买入，并将价格目标从28美元提高至30美元。
- JP Morgan分析师David Karnovsky维持股票中立，并将价格目标从22美元提高至25美元。
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