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.
週五，Cinemark Holdings Inc (NYSE:CNK) 報告了超出預期的第二季度財務業績。
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 報告稱，2024財年第二季度銷售額同比下降22.1%，至7342百萬元，超過分析師的共識估計6916百萬元。每股收益爲32美分，超過分析師的共識估計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.
門票收入下降23.5%，爲3658百萬元，零食收入下降21.6%，爲2929百萬元，由於觀衆人數下降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總裁兼首席執行官肖恩·甘布爾表示：“在各種類型的電影中，包括6月份創下歷史紀錄的上映電影《頭腦特工隊2》 - 現在是所有時間最大的動畫片 - 帶動累計第二季度票房表現超出我們的預期，儘管受到去年好萊塢罷工的影響。"
Cinemark shares gained 0.9% to trade at $25.08 on Monday.
週一，Cinemark股價上漲0.9％至25.08美元。
These analysts made changes to their price targets on Cinemark following earnings announcement.
這些分析師根據業績公佈改變了對Cinemark的目標價。
- 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）分析師Benjamin Swinburne維持Cinemark的權重，同時將目標價從22美元提高至29美元。
- b.Riley證券分析師Eric Wold保持股票買入，將價格目標從27美元提高至31美元。
- Barrington Research分析師James Goss維持股票跑贏市場，將價格目標從24美元提高至28美元。
- Roth MKm分析師Eric Handler保持股票買入，並將價格目標從28美元提高至30美元。
- JP Morgan分析師David Karnovsky維持股票中立，並將價格目標從22美元提高至25美元。
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