Analyst: Spreading Out Release Dates Could Improve Cinemark Holdings Outlook

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Cinemark Holdings (NYSE:CNK) will report Q1:14 results before the market open on Tuesday, May 6, and will host a conference call at 5:30am PT (dial-in: 888-755-8910, webcast: investors.cinemark.com).

We expect Q1:14 in line with our recently revised estimates for revenue of $597 million versus consensus of $591 million and EPS of $0.26 versus consensus of $0.27. We expect concessions revenues to exceed our estimates during the quarter driven by higher-than-expected attendance and higher average concessions per patron. The release slate this quarter was dominated by family friendly movies, which tend to drive a higher attach rate for concessions sales.

We expect admissions revenue per average screen for the International segment to face significant foreign exchange headwinds. According to Box Office Mojo data, we estimate that the largest Latin American box office markets for Cinemark grew roughly 5 percent year-over-year on a constant currency basis.

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