Earnings Outlook For Cinemark Hldgs

Cinemark Hldgs (NYSE:CNK) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Cinemark Hldgs to report an earnings per share (EPS) of $0.40.

Cinemark Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

During the last quarter, the company reported an EPS beat by $0.23, leading to a 0.0% drop in the share price on the subsequent day.

Here's a look at Cinemark Hldgs's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.09

-0.17

-0.05

0.41

EPS Actual

0.32

0.19

-0.15

0.61

Price Change %

8.0%

1.0%

-0.0%

-2.0%

Analysts' Perspectives on Cinemark Hldgs

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Cinemark Hldgs.

The consensus rating for Cinemark Hldgs is Outperform, derived from 14 analyst ratings. An ...