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Imax (IMAX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, Imax (IMAX - Free Report) reported revenue of $88.96 million, down 9.2% over the same period last year. EPS came in at $0.18, compared to $0.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $76.8 million, representing a surprise of +15.84%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being $0.06.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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:
Total IMAX System installations: 24 versus the two-analyst average estimate of 22.
Revenues- Content Solutions: $35.10 million versus $25.39 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +12.2% change.
Revenues- All other: $2.99 million versus $3.30 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
Revenues- Technology Products and Services: $50.90 million compared to the $49.42 million average estimate based on six analysts. The reported number represents a change of -20.4% year over year.
Gross Margin- Content solutions: $16.14 million compared to the $15.08 million average estimate based on five analysts.
Gross Margin- All Other: $2.01 million versus $1.55 million estimated by five analysts on average.
Gross Margin- Technology Products and Services: $25.78 million compared to the $28.47 million average estimate based on five analysts.
Shares of Imax have returned +5.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Imax (IMAX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Imax (IMAX - Free Report) reported revenue of $88.96 million, down 9.2% over the same period last year. EPS came in at $0.18, compared to $0.26 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $76.8 million, representing a surprise of +15.84%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being $0.06.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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:
- Total IMAX System installations: 24 versus the two-analyst average estimate of 22.
- Revenues- Content Solutions: $35.10 million versus $25.39 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +12.2% change.
- Revenues- All other: $2.99 million versus $3.30 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
- Revenues- Technology Products and Services: $50.90 million compared to the $49.42 million average estimate based on six analysts. The reported number represents a change of -20.4% year over year.
- Gross Margin- Content solutions: $16.14 million compared to the $15.08 million average estimate based on five analysts.
- Gross Margin- All Other: $2.01 million versus $1.55 million estimated by five analysts on average.
- Gross Margin- Technology Products and Services: $25.78 million compared to the $28.47 million average estimate based on five analysts.
View all Key Company Metrics for Imax here>>>Shares of Imax have returned +5.3% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.