We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Imax (IMAX) Reports Q3 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Imax (IMAX - Free Report) reported $103.9 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 51.1%. EPS of $0.35 for the same period compares to -$0.05 a year ago.
The reported revenue represents a surprise of +6.93% over the Zacks Consensus Estimate of $97.16 million. With the consensus EPS estimate being $0.21, the EPS surprise was +66.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Imax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- All other: $3.51 million versus $2.21 million estimated by six analysts on average.
Revenues- Technology Products and Services: $56.20 million versus the six-analyst average estimate of $56.46 million.
Revenues- Content Solutions: $44.20 million versus the six-analyst average estimate of $38.40 million.
Revenues- Technology Products and Services Revenue- Maintenance: $14.35 million compared to the $14.54 million average estimate based on three analysts.
Revenues- Technology Products and Services Revenue- Finance Income: $2.37 million versus the three-analyst average estimate of $2.39 million.
Revenues- Technology Products and Services Revenue- System Rentals: $23.01 million versus $24.45 million estimated by three analysts on average.
Revenues- Content Solutions Revenue- Other Content Solutions: $1.73 million compared to the $2.18 million average estimate based on three analysts.
Revenues- Content Solutions Revenue- Film Remastering and Distribution: $42.48 million versus $38.25 million estimated by three analysts on average.
Revenues- Technology Products and Services Revenue- System Sales: $16.44 million compared to the $14.95 million average estimate based on three analysts.
Gross Margin- Content solutions: $26.40 million versus the five-analyst average estimate of $21.01 million.
Gross Margin- All Other: $2.55 million versus the five-analyst average estimate of $1.32 million.
Gross Margin- Technology Products and Services: $33.80 million compared to the $31.15 million average estimate based on five analysts.
Shares of Imax have returned -4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Imax (IMAX) Reports Q3 Earnings: What Key Metrics Have to Say
Imax (IMAX - Free Report) reported $103.9 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 51.1%. EPS of $0.35 for the same period compares to -$0.05 a year ago.
The reported revenue represents a surprise of +6.93% over the Zacks Consensus Estimate of $97.16 million. With the consensus EPS estimate being $0.21, the EPS surprise was +66.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Imax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- All other: $3.51 million versus $2.21 million estimated by six analysts on average.
- Revenues- Technology Products and Services: $56.20 million versus the six-analyst average estimate of $56.46 million.
- Revenues- Content Solutions: $44.20 million versus the six-analyst average estimate of $38.40 million.
- Revenues- Technology Products and Services Revenue- Maintenance: $14.35 million compared to the $14.54 million average estimate based on three analysts.
- Revenues- Technology Products and Services Revenue- Finance Income: $2.37 million versus the three-analyst average estimate of $2.39 million.
- Revenues- Technology Products and Services Revenue- System Rentals: $23.01 million versus $24.45 million estimated by three analysts on average.
- Revenues- Content Solutions Revenue- Other Content Solutions: $1.73 million compared to the $2.18 million average estimate based on three analysts.
- Revenues- Content Solutions Revenue- Film Remastering and Distribution: $42.48 million versus $38.25 million estimated by three analysts on average.
- Revenues- Technology Products and Services Revenue- System Sales: $16.44 million compared to the $14.95 million average estimate based on three analysts.
- Gross Margin- Content solutions: $26.40 million versus the five-analyst average estimate of $21.01 million.
- Gross Margin- All Other: $2.55 million versus the five-analyst average estimate of $1.32 million.
- Gross Margin- Technology Products and Services: $33.80 million compared to the $31.15 million average estimate based on five analysts.
View all Key Company Metrics for Imax here>>>Shares of Imax have returned -4.4% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.