Cinemark (CNK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Cinemark's Q2 was characterized by weak box office activity, as Hollywood's 2023 strikes affected new movie releases adversely. The result shows a fair performance in line with AMC's, with Cinemark also being able to vary costs effectively and being able to sell concessions well. The box office pipeline for 2025 and 2026 remains strong, making for a confident recovery in the upcoming years.
Cinemark (CNK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
While Monday was a bloodbath for most equities, the market wasn't completely devoid of winners. One standout performer was movie theater owner and operator Cinemark (NYSE: CNK ).
Wall Street sentiment toward Cinemark (NYSE: CNK ) stock is still trending upward. Some movie theater chains have struggled since the Covid-19 pandemic, but this company is making notable progress.
Cinemark Holdings Inc CNK reported better-than-expected second-quarter financial results on Friday.
Cinemark Holdings, Inc. (NYSE:CNK ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Chanda Brashears - Senior Vice President, Investor Relations Sean Gamble - President and Chief Executive Officer Melissa Thomas - Chief Financial Officer Conference Call Participants Aaron Lee - Macquarie David Karnovsky - JPMorgan Eric Handler - ROTH MKM Ben Swinburne - Morgan Stanley Jim Goss - Barrington Research Omar Mejias - Wells Fargo Mike Hickey - Benchmark Eric Wold - B. Riley Securities Robert Fishman - MoffettNathanson Stephen Laszczyk - Goldman Sachs Operator Welcome to the Cinemark Holdings Inc. Second Quarter 2024 Earnings Call.
Although the revenue and EPS for Cinemark (CNK) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cinemark Holdings (CNK) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.80 per share a year ago.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cinemark (CNK) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Cinemark (CNK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.