Cinemark Holdings (CNK) reported Q1 2024 sales of $579.20M, beating analyst consensus of $560.38M. EPS of $0.19 beat consensus loss of $(0.20). Admissions and concession revenue decreased, but average ticket price and concession revenue per patron held steady. The company has plans to open new theaters and screens over the next two years. It generated $70.7M of adjusted EBITDA and held $788.6M in cash as of March 31, 2024. Despite a 3.81% premarket decrease, CNK stock has gained 4% in the last 12 months.
Cinemark Holdings, Inc. (NYSE:CNK – Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 29,650,000 shares, an increase of 6.2% from the March 31st total of 27,920,000 shares. Approximately 27.3% of the shares of the company are short sold. Based […]
Cinemark Holdings Inc (NYSE:CNK) reported a fiscal first-quarter 2024 sales decline of 5.2% year-on-year to $579.20 million, beating the analyst consensus of $560.38 million. EPS of $0.19 beat the analyst consensus loss of $(0.20). Admissions revenue decreased 6.8% to $289.8 million, and concession revenue declined 4.9% to $224.2 million, driven by a 7.5% decrease in attendance to 39.7 million patrons. Also Read: Netflix's 2024 Gains Are Cinema's Loss: AMC Shares Slump Despite Box Office Boost F
Cinemark Holdings, Inc. (NYSE:CNK – Get Free Report) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. […]