Imax (IMAX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
IMAX Corp (NYSE:IMAX) is on track to report record third-quarter results, prompting Wedbush to raise its price target on the stock to $60 from $54 and reiterate its Outperform rating. The firm expects global box office on IMAX screens to have reached a record $712 million for the quarter, well above its prior estimate of $401 million.
IMAX Corp (NYSE:IMAX)'s position looks secure for now, according to Wedbush, which poured water on a Bloomberg report that Disney has pushed to build a competing premium screen network. According to Bloomberg, Disney has approached Skydance/Paramount Studios and Universal about forming a coalition to rival IMAX screens.
IMAX Corporation is rated a Strong Buy, driven by record-breaking summer box office results and a unique, high-margin business model. IMAX's technology licensing, premium brand, and system sales position it to benefit from blockbuster films designed specifically for its format. The Odyssey's IMAX-exclusive production and performance signal a structural shift toward premium theatrical experiences, boosting IMAX's growth runway.
IMAX Corporation remains a Buy based on my assessment of the company's outlook after the launch of The Odyssey movie. FY2026 guidance targets a 52% worldwide box office increase and 5.6ppts EBITDA margin expansion versus the FY2024 baseline, underpinned by a more favorable mix and additional merchandising revenues. IMAX's EPS CAGR is expected to go from FY16–25's +7.9% to +19.5% for FY25-29, as the brand becomes increasingly favored by various stakeholders in the film industry.
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Morgan Stanley initiated coverage on IMAX NYSE: IMAX on Sept. 24 at Overweight with a $63 price target.
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Imax (IMAX) possesses solid growth attributes, which could help it handily outperform the market.
Movie theater stocks are selling off as a group, and shares of AMC Entertainment (NYSE:AMC) are absorbing the largest losses among the exhibitors. AMC stock is at $2.73, down 9% as the market session continues.
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IMAX Corporation (IMAX) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript