These Analysts Boost Their Forecasts On Cinemark Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Cinemark Holdings Inc (NYSE:CNK) reported better-than-expected Q2 2024 financial results, with sales of $734.2 million and EPS of 32 cents, both beating analyst estimates. Despite a decline in admissions and concession revenue, the company saw strong performance from films like Inside Out 2. Following the earnings report, several analysts raised their price targets for Cinemark.
August 05, 2024 | 5:59 pm
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Cinemark Holdings Inc (NYSE:CNK) reported better-than-expected Q2 2024 results, with sales of $734.2 million and EPS of 32 cents, beating analyst estimates. Despite a decline in admissions and concession revenue, the company saw strong performance from films like Inside Out 2. Several analysts raised their price targets for Cinemark following the earnings report.
Cinemark's better-than-expected financial results and the subsequent increase in price targets by multiple analysts are likely to positively impact the stock price in the short term. The strong performance of films like Inside Out 2 and the overall positive sentiment from analysts contribute to this outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100