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.
Cinemark Holdings Inc.(CNK - Free Report) is a leading motion picture exhibition company globally. As of Mar 31, 2015, Cinemark operates 516 theatres and 5,840 screens in 41 U.S. states, Brazil, Argentina and 12 other Latin American countries.
Of late, Cinemark has been opening and renovating theatres with state-of-the-art amenities. It has recently announced plan to construct of 14 screen movie theatre in Rialto, CA that will feature the company's Luxury Lounger electric reclining seats in the Renaissance Marketplace shopping center. Addition of such special features helps to rake in ancillary revenues from movie goers through beverages and foods.
However, theater chains are constantly facing increasing threat from alternative movie streaming services such as Netflix, and Time Warner’s HBO Now and Hulu. While theater chains still remain the preferred choice for film studios, the recent trend of movie watchers opting for streaming services are making film studios seek better terms in box office revenues with large-screen theater companies.
Cinemark currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of 4.14% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cinemark reported second quarter earnings of 46 cents per share, lower than the Zacks Consensus Estimate of 51 cents per share.
Revenue: Cinemark reported total revenue of $744.4 million, marginally surpassing the Zacks Consensus Estimate of $743 million.
Key States to Note: Quarterly worldwide average screen count came in at 5,864 against 5,707 in the prior-year quarter. Domestic average screen count was 4,566, up 1.5% year over year. International average screen count was 1,298, up 7.4% year over year.
Check back later for our full write up on this Cinemark earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Image: Bigstock
Cinemark Holdings (CNK) Lags Q2 Earnings, Tops Revenues
Cinemark Holdings Inc.(CNK - Free Report) is a leading motion picture exhibition company globally. As of Mar 31, 2015, Cinemark operates 516 theatres and 5,840 screens in 41 U.S. states, Brazil, Argentina and 12 other Latin American countries.
Of late, Cinemark has been opening and renovating theatres with state-of-the-art amenities. It has recently announced plan to construct of 14 screen movie theatre in Rialto, CA that will feature the company's Luxury Lounger electric reclining seats in the Renaissance Marketplace shopping center. Addition of such special features helps to rake in ancillary revenues from movie goers through beverages and foods.
However, theater chains are constantly facing increasing threat from alternative movie streaming services such as Netflix, and Time Warner’s HBO Now and Hulu. While theater chains still remain the preferred choice for film studios, the recent trend of movie watchers opting for streaming services are making film studios seek better terms in box office revenues with large-screen theater companies.
Cinemark currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of 4.14% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Cinemark reported second quarter earnings of 46 cents per share, lower than the Zacks Consensus Estimate of 51 cents per share.
CINEMARK HLDGS Price and EPS Surprise
CINEMARK HLDGS Price and EPS Surprise | CINEMARK HLDGS Quote
Revenue: Cinemark reported total revenue of $744.4 million, marginally surpassing the Zacks Consensus Estimate of $743 million.
Key States to Note: Quarterly worldwide average screen count came in at 5,864 against 5,707 in the prior-year quarter. Domestic average screen count was 4,566, up 1.5% year over year. International average screen count was 1,298, up 7.4% year over year.
Check back later for our full write up on this Cinemark earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
CINEMARK HLDGS Price and EPS Surprise | CINEMARK HLDGS Quote