Cinemark Holdings Inc. Third Quarter Earnings Sneak Peek

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Cinemark Holdings, Inc. (NYSE:CNK) will unveil its latest earnings on Friday, November 4, 2011. Cinemark Holdings is a holding company, together with its subsidiaries, is engaged in the motion picture exhibition industry with theatres in the U.S., Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, and Colombia.

Cinemark Holdings, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 41 cents per share, a rise of 41.4% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 40 cents during the last month. Analysts are projecting profit to rise by 6.2% versus last year to $1.37.

Past Earnings Performance: Last quarter, the company missed estimates by 3 cents, coming in at profit of 38 cents per share versus a mean estimate of net income of 41 cents per share. In the first quarter, the company beat estimates by 10 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $617.2 million in revenue this quarter, a rise of 10.2% from the year ago quarter. Analysts are forecasting total revenue of $2.31 billion for the year, a rise of 7.9% from last year’s revenue of $2.14 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the second quarter, profit rose 1.8% to $40.4 million (35 cents a share) from $39.7 million (35 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 15.1% to $620.6 million from $539.4 million.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 6.5% in the first quarter and 2.1% in the fourth quarter of the last fiscal year.

The increase in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 28.9% in the first quarter and 4.6% in the fourth quarter of the last fiscal year.

Competitors to Watch: Regal Entertainment Group (NYSE:RGC), Carmike Cinemas, Inc. (NASDAQ:CKEC), The Marcus Corporation (NYSE:MCS), Netflix (NASDAQ:NFLX), Amazon.com (NASDAQ:AMZN) and Reading Intl., Inc. (NASDAQ:RDI).

Stock Price Performance: During August 5, 2011 to October 31, 2011, the stock price had risen $2.64 (14.6%) from $18.03 to $20.67. The stock price saw one of its best stretches over the last year between March 29, 2011 and April 6, 2011 when shares rose for seven-straight days, rising 9.2% (+$1.71) over that span. It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six-straight days, falling 5.6% (-$1.12) over that span. Shares are up $3.97 (+23.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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