Carmike Cinemas Earnings Preview: Get Ahead of the Analysts

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Carmike Cinemas (NASDAQ:CKEC) will report earnings after markets close on Monday, May 6th. Carmike Cinemas, Inc. owns and operates movie theaters in multiple states. The Company’s focus is on small to mid-sized communities with populations of fewer than 100,000 people.

Here is your Cheat Sheet to Carmike Cinemas Earnings:

Earnings Expectations: Analysts expect earnings of $0.08 per share on revenues of $130.60 million. Currently, the company’s P/E ratio stands at 2.90.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.4 to a profit $0.43. For the current year, the average estimate is a profit of $1.2, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Carmike Cinemas has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 472.68 513.00 488.02 477.82 539.32
Diluted EPS ($) -3.27 -1.22 -0.99 -0.60 5.99

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 117.47 130.82 136.29 127.48 145.01
Diluted EPS ($) 0.1337 0.25 0.07 0.01 5.671

Past Performance:
Carmike Cinemas has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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