Streetbeat News

CNK

Cinemark Holdings, Inc.

https://ir.cinemark.com

Industry

Entertainment

Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of June 30, 2022, it operated 522 theatres with 5,868 screens in the United States, and South and Central America. The company was founded in 1984 and is headquartered in Plano, Texas.

Open

23.90

Mkt cap

Volume

High

24.45

P/E Ratio

11.77

52-wk high

36.28

Low

23.81

Div yield

0.00

52-wk low

16.32

Investor optimism surged as the S&P 500 hit a record high, driven by positive economic reports and market sentiment. The CNN Money Fear and Greed index entered the 'Extreme Greed' zone. U.S. stocks closed higher, with significant gains in energy, real estate, and materials sectors, though IT stocks fell. US Foods Holding Corp. saw a 3% increase after surpassing Q4 revenue expectations and providing strong FY24 guidance. Herbalife shares plummeted by 32% due to disappointing earnings. Upcoming earnings from PPL Corporation, Portland General Electric, TreeHouse Foods, and Cinemark Holdings are anticipated.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 9:01 am

Cinemark Holdings, Inc. (NYSE:CNK) is anticipated to report a narrower Q4 loss of 13 cents per share compared to last year's 82 cents, with revenue expected at $619.68 million versus $599.7 million. The company previously reported a 34.5% year-on-year sales growth for Q3 FY23. Analysts from JP Morgan, Goldman Sachs, B. Riley Securities, Benchmark, and Roth MKM have provided varied ratings and price targets for CNK, reflecting differing outlooks on the company's financial health.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 6:35 am

Cinemark Holdings (NYSE:CNK) is scheduled to release its quarterly earnings report on February 16, 2024, with an expected EPS of $-0.14. Analysts and investors are looking for an earnings beat and positive guidance for the next quarter. Despite past earnings beats, CNK's stock price has shown mixed reactions. Currently, CNK shares have risen 40.98% over the last 52 weeks, trading at $15.78 as of February 14.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 3:01 pm

Traders are closely monitoring Cinemark Holdings following comments from Gordon Haskett about a large activist investor holding a 6.3% stake in the company, with expectations of future actions to influence the company's direction.