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Cinemark Holdings Q3 revenue beats estimates

By Reuters News


Overview

  • Theater chain's Q3 revenue beat analyst expectations

  • Adjusted EPS for Q3 was $1.04

  • Q3 adjusted EBITDA was $267.6 mln


Outlook

  • Cinemark did not provide specific financial guidance for the current or future periods in its press release


Result Drivers

  • AMENITIES AND TECHNOLOGY - Co highlighted expanded food and beverage offerings, luxury seating, and advanced projection technology as contributing to guest experience

  • LOYALTY PROGRAMS - Co cited its loyalty programs as supporting customer engagement


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.06 bln

$1.02 bln (12 Analysts)

Q3 EPS

$1.04

Q3 Adjusted EBITDA

$267.60 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the leisure & recreation peer group is "buy"

  • Wall Street's median 12-month price target for Cinemark Holdings Inc is $42.00, about 8.4% above its November 2 closing price of $38.75

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Nov 2 - Marriott tops Q3 revenue, profit estimates

  • Nov 2 - Ryman Hospitality Q3 revenue beats on group and leisure demand

  • Nov 2 - Estee Lauder beats Q1 adjusted EPS estimates, raises FY outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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