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Cinemark Holdings (CNK) Tops Q1 Earnings and Revenues
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Cinemark Holdings Inc. (CNK - Free Report) is a leading motion picture exhibition company globally. As of Mar 31, 2017, Cinemark operates 525 theatres with 5,894 screens in in 38 states in the U.S. and internationally in 12 countries, mainly in Mexico, South and Central America.
Of late, Cinemark Holdings has been opening and renovating theatres with state-of-the-art amenities. The company’s recent promotional plan of upgrading its Connections Loyalty Program free for members of Cinemark XD auditoriums bodes well. We believe such renovations and attractive promotional offers should help the company witness substantial subscriber growth in the to-be reported quarter.
On the other hand, while theater chains remain the preferred choice for film studios, the recent trend of movie watchers opting for streaming services is making film studios seek better terms in box-office revenues with large-screen theater companies. This might hamper profitability.
Cinemark currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a positive average earnings surprise of 14.90% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cinemark reported higher than expected Q1 2017 earnings estimate. Our consensus earnings estimate called 61 cents per share and the company posted earnings of 68 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: Cinemark reported total revenue of $779.6 million which surpassed the Zacks Consensus Estimate of $752.4 million.
Key States to Note: As of Mar 31, 2017, Cinemark’s aggregate screen count was 5,898, up 1.6% year over year. Average ticket price was $6.41, up 6.6% year over year. Worldwide attendance was 74.3 million, up 2.5% year over year.
Check back later for our full write up on this Cinemark earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Cinemark Holdings (CNK) Tops Q1 Earnings and Revenues
Cinemark Holdings Inc. (CNK - Free Report) is a leading motion picture exhibition company globally. As of Mar 31, 2017, Cinemark operates 525 theatres with 5,894 screens in in 38 states in the U.S. and internationally in 12 countries, mainly in Mexico, South and Central America.
Of late, Cinemark Holdings has been opening and renovating theatres with state-of-the-art amenities. The company’s recent promotional plan of upgrading its Connections Loyalty Program free for members of Cinemark XD auditoriums bodes well. We believe such renovations and attractive promotional offers should help the company witness substantial subscriber growth in the to-be reported quarter.
On the other hand, while theater chains remain the preferred choice for film studios, the recent trend of movie watchers opting for streaming services is making film studios seek better terms in box-office revenues with large-screen theater companies. This might hamper profitability.
Cinemark currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a positive average earnings surprise of 14.90% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cinemark reported higher than expected Q1 2017 earnings estimate. Our consensus earnings estimate called 61 cents per share and the company posted earnings of 68 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: Cinemark reported total revenue of $779.6 million which surpassed the Zacks Consensus Estimate of $752.4 million.
Key States to Note: As of Mar 31, 2017, Cinemark’s aggregate screen count was 5,898, up 1.6% year over year. Average ticket price was $6.41, up 6.6% year over year. Worldwide attendance was 74.3 million, up 2.5% year over year.
Cinemark Holdings Inc Price and EPS Surprise
Cinemark Holdings Inc Price and EPS Surprise | Cinemark Holdings Inc Quote
Check back later for our full write up on this Cinemark earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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