Cinemark Hldgs에 대한 매도 수량은 투자자에게 Cinemark Hldgs의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Cinemark Hldgs (NYSE:CNK) 주식, 공매도 수량 보고

Cinemark Hldgs

Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.

Entertainment

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CMCSA

거버 가와사키 웰스(Gerber Kawasaki Wealth)의 CEO인 로스 거버는 월트 디즈니가 추수감사절 기간에 영화 &#39;모아나2&#39;로 2억 2,100만 달러를 벌어들이자 디즈니의 부활을 칭찬했다.

로스 거버 &#34;디즈니가 돌아왔다&#34;: 영화 &#39;모아나2&#39; 추수감사절 2억 2,100만 달러 흥행 성공

Trading Ideas

PARA

PARAA

많은 기대를 모은 영화 &#34;위키드(Wicked)&#34;와 &#34;글래디에이터(Gladiator) II&#34;가 같은 날 개봉하고, &#34;모아나(Moana) 2&#34;가 바로 뒤를 이어 개봉함으로써 영화관 산업에 기록적인 추수감사절 주말이 될 수 있는 상황을 만들고 있다.

&#39;위키드,&#39; &#39;글래디에이터 II,&#39; &#39;모아나 2&#39;와 같이 추수감사절 주말 박스 오피스 주목: 관심 종목

Technicals

Signals

General

AMC 엔터테인먼트 홀딩스(NYSE:AMC)는 스크린에서의 영화에 익숙하지만, 주식은 금융 시장에서 중요한 순간을 맞이할 수 있다.

부채가 주목을 끄는 가운데 AMC 엔터테인먼트의 주가는 데스 크로스에 근접

Cinemark Holdings Inc Cinemark Holdings, Inc. Common Stock

Cinemark Holdings Inc

Benchmark analyst Mike Hickey maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Buy and raises the price target from $32 to $40.

Price Target

Analyst Ratings

Benchmark Maintains Buy on Cinemark Hldgs, Raises Price Target to $40

Ross Gerber, CEO of Gerber Kawasaki Wealth, hailed Walt Disney Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) resurgence after "Moana 2" earned $221 million over Thanksgiving.
What Happened: Taking to X, formerly Twitter, on Sunday, Gerber cheered as "Moana 2" contributed significantly to the total box office earnings of $420 million over the weekend.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$420 mil over the weekend in theaters. All time record for the movie business for thanksgiving. Moana 2 crushes with $221 mil. Disney is back! <a href="https://twitter.com/search?q=%24dis&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$dis</a> <a href="https://twitter.com/search?q=%24cnk&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$cnk</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1863351068475695221?ref_src=twsrc%5Etfw">December 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/11/41720954/disney-creates-new-tech-hub-for-ai-and-ar">Disney Creates New Tech Hub For AI and AR</a>
The sequel to Disney&#8217;s "Moana" now holds the record for the highest-grossing Thanksgiving release. It has surpassed the <a href="https://www.benzinga.com/general/entertainment/24/11/42123085/wicked-gladiator-ii-moana-2-could-break-thanksgiving-weekend-box-office-stocks-to-watch">previous record of $125 million</a> set by "Frozen II" in 2019, <a href="https://www.boxofficemojo.com/holiday/us_thanksgiving_5/?grossesOption=calendarGrosses&amp;sort=topReleaseGross&amp;ref_=bo_hl__resort#table">according</a> to Box Office Mojo data.
Other films such as "Wicked" and "Gladiator II" also contributed to the record-breaking Thanksgiving week total of nearly $420 million, surpassing 2018&#8217;s record for the best Thanksgiving box office week in history.
Why It Matters: The animated adventure film &#8216;Moana 2&#8217; exceeded expectations, raking in $28 million on Thanksgiving Day alone, <a href="https://variety.com/2024/film/news/thanksgiving-box-office-moana-2-breaks-holiday-records-wicked-1236230809/">reported</a> Variety. It follows the 2016 original, which earned $82 million during its Thanksgiving debut and was the most-streamed film in 2023.
"Moana 2" also broke the record for the biggest five-day opening, previously held by "The Super Mario Bros. Movie," distributed by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)-owned Universal Pictures, which grossed $204.6 million in April last year.
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In November, Disney reported its <a href="https://www.benzinga.com/24/11/41971559/disneys-q4-boosted-by-streaming-gains-strong-box-office-and-solid-parks-performance">fiscal fourth-quarter 2024</a> revenue, which rose by 6% year-over-year to $22.57 billion, slightly exceeding the analyst estimate of $22.35 billion.&nbsp;
At the time, the company also reported that its entertainment segment—which includes traditional TV networks, streaming platforms, and films—rose 14% year-over-year to $10.83 billion.
The impressive performances of &#8220;Moana 2,&#8221; &#8220;Wicked,&#8221; and &#8220;Gladiator II&#8221; might have also bode well for U.S. movie theater chains like AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), Cinemark Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>), and others.
Price Action: Disney's stock closed at $117.47 on Friday, down 0.11% for the day, with an additional decline of 0.0085% in after-hours trading. Despite this, the stock has risen 28.17% year-to-date, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1">data from Benzinga Pro</a>.
AMC&#8217;s stock finished at $4.95 on Friday, slipping 0.40% during the day, followed by a further drop of 0.20% in after-hours trading. Year-to-date, the stock has fallen by 18.99%.
Cinemark&#8217;s stock closed at $34.52 on Friday, rising 0.99% during the day, before dropping 0.98% in after-hours trading. Year-to-date, the stock has gained 147.28%.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/24/11/42137039/disney-takes-on-netflix-with-high-impact-originals-in-asia">Disney Takes on Netflix With High-Impact Originals in Asia</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Ross Gerber Says 'Disney Is Back' After 'Moana 2' Crushes With $221M Box Office Success Over Thanksgiving

Wells Fargo analyst Omar Mejias maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Overweight and raises the price target from $35 to $38.

Wells Fargo Maintains Overweight on Cinemark Hldgs, Raises Price Target to $38

Highly anticipated movies "Wicked" and "Gladiator II" are being released on the same day and come shortly ahead of "Moana 2," setting up what could be a record-breaking Thanksgiving weekend for the <a href="https://www.benzinga.com/news/earnings/24/11/41790068/amc-ceo-is-confident-and-optimistic-about-cinema-chains-future-as-q3-earnings-show-revenue-beat-rec">movie theater industry</a>.
What Happened: "Wicked" and "Gladiator II" open in domestic movie theaters on Nov. 22, in a move that some compared to the release of "Barbie" and "Oppenheimer" on the<a href="https://www.benzinga.com/general/entertainment/24/07/39621420/wicked-gladiator-2-same-day-release-has-industry-vying-for-another-box-office-power-duo-bar"> same day last year.</a>
While "Glicked" or whatever acronym you want to use for seeing both movies the same day didn't catch on as big as last year's "Barbenheimer" did previously, expectations remain high for both movies.
"Wicked," which comes from Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) unit Universal Pictures, is expected to post a domestic opening weekend total in the range of $125 million to $150 million, as <a href="https://deadline.com/2024/11/wicked-gladiator-box-office-preview-1236181463/">reported </a>by Deadline.
"Gladiator II," which comes from Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), is expected to have a domestic opening weekend of more than $60 million.
Deadline reports strong initial audience scores for "Wicked" from those who saw early screenings of the film and pre-sales that are "through the roof."
As an R-rated movie, a total of $60 million or more could help "Gladiator II" become the highest-grossing R-rated film in November.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/11/41987956/airbnb-says-are-you-not-entertained-new-roman-colosseum-experience-coincides-with-gladiator-sequel">Airbnb Says &#8216;Are You Not Entertained?&#8217; New Roman Colosseum Experience Coincides With Gladiator Sequel</a>
Why It's Important: The strong expected opens for "Wicked" and "Gladiator II" could be good news for AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) and Cinemark Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) and other movie theater operators in the U.S.
Along with those two movies, movie theaters could also benefit from the release of "Moana 2" from Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), which comes next Wednesday, ahead of the Thanksgiving holiday.
The three movies could help the domestic box office pass $300 million and hit all-time records for the holiday five-day weekend, <a href="https://www.hollywoodreporter.com/movies/movie-news/box-office-record-thanksgiving-feast-1236067367/">according </a>to The Hollywood Reporter.
With three strong movies all released shortly before Thanksgiving, estimates predict a strong domestic box office next week, which could be another bright spot in the post-COVID-19 recovery for movie theaters and movie companies.
A total of over $300 million, with most coming from the three films, could come close to the record. Here's a look at the current top-grossing five-day domestic Thanksgiving weekends and the highest-grossing film during the time period:
<ul>
<li>2018: $315.6 million, "Ralph Breaks the Internet" ($84.8 million)</li>
<li>2013: $294.2 million, "The Hunger Games: Catching Fire" ($109.9 million)</li>
<li>2017: $270.5 million, "Coco" ($72.9 million)</li>
<li>2019: $263.4 million, "Frozen II" ($125.0 million)</li>
<li>2016: $260.0 million, "Moana" ($125.0 million)</li>
</ul>
The report said current tracking predicts "Moana 2" will gross between $125 million and $150 million for the five-day holiday weekend domestically, which would break records for the time period.
The early Wednesday opening could contribute to the strong expectations for "Moana 2" as not all blockbusters haven't done this same holiday release window previously, the report added.
While the strong opening expectations for the three films could help the movie companies behind them, the big winners will likely be the movie theaters as they could see many customers coming in more than once during a period that might have only drawn one visit in past years due to this year's strong lineup.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/07/39718738/elon-musk-predicts-gladiator-sequel-will-be-painfully-bad-embarrassingly-so-films-star-says">Elon Musk Predicts Gladiator Sequel Will Be &#8216;Painfully Bad. Embarrassingly So&#8217;: Film&#8217;s Star Says Movie Takes &#8216;New Direction&#8217;</a></li>
</ul>
Photo: Movie posters via IMDb

'Wicked,' 'Gladiator II,' 'Moana 2' Could Break Thanksgiving Weekend Box Office: Stocks To Watch

AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) is accustomed to drama on the big screen, but its stock may be facing a critical moment <a href="https://www.benzinga.com/quote/AMC/news">in the financial markets.</a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19065436/Screenshot-2024-11-19-at-5.24.18-PM.png" alt="" class="wp-image-654797" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19065436/Screenshot-2024-11-19-at-5.24.18-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19065436/Screenshot-2024-11-19-at-5.24.18-PM-300x234.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
AMC stock is nearing a Death Cross, where its 50-day moving average dips below the 200-day moving average—a technical signal often linked to bearish momentum. For a company managing $4 billion in debt, this chart pattern adds to an already challenging outlook.
<h2 class="wp-block-heading">A Debt Load That Steals The Spotlight</h2>
The domestic box office has made a strong recovery, delivering its best third-quarter results since 2020. However, AMC has struggled to capitalize on the momentum. As the largest theater operator with 900 locations and 10,000 screens, the company remains weighed down by its significant debt burden.
While competitors like Cinemark Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) navigate the industry revival with relative ease, AMC continues to grapple with substantial interest payments that weigh heavily on its financial recovery.
Even with a blockbuster-filled lineup and premium theater upgrades like Dolby Cinema and IMAX, AMC&#8217;s bottom line continues to suffer. In <a href="https://www.benzinga.com/quote/AMC/earnings">the third quarter</a>, the company posted a $21 million loss, with interest payments significantly impacting its results.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/41790068/amc-ceo-is-confident-and-optimistic-about-cinema-chains-future-as-q3-earnings-show-revenue-beat-rec">AMC CEO Is &#8216;Confident And Optimistic&#8217; About Cinema Chain&#8217;s Future As Q3 Earnings Show Revenue Beat, Record Food &amp; Beverage Results</a>
<h2 class="wp-block-heading">The Blockbuster Bet</h2>
AMC is betting big on premium experiences to lure audiences back. CEO Adam Aron's "<a href="https://investor.amctheatres.com/news-events/press-releases/detail/372/amc-theatres-announces-amcs-go-plan-a-multi-year-plan-to-invest-up-to-1-5-billion-over-four-to-seven-years-greatly-improving-the-movie-going-experience-at-amc">Go Plan</a>" includes a $1 billion-plus investment in enhanced screens, luxury seating, and fancy popcorn buckets. 
While these initiatives might spark revenue growth, analysts <a href="https://www.cnbc.com/2024/11/18/amc-debt-threatens-its-ability-to-ride-the-box-office-rebound.html">warn</a> against excessive spending. Roth Capital analyst Eric Handler cautions, "They've still got to be judicious with their cash flow."
Yet, investors remain skeptical. AMC's penchant for issuing shares to raise capital has diluted stockholder value, making its equity less appetizing than overpriced movie concessions.
<h2 class="wp-block-heading">The Technical Script Unfolds</h2>
The looming Death Cross isn't just symbolic. AMC stock has slumped over 39% in the past year and nearly 29% year-to-date, reflecting waning investor confidence. The recent month's 1.63% gain feels like a short intermission before the plot thickens.
<h2 class="wp-block-heading">Will AMC Rewrite Its Ending?</h2>
Despite grim technical indicators, there's hope for a better sequel. Hollywood&#8217;s 2025 and 2026 slates are packed with franchise juggernauts that could fill AMC&#8217;s premium screens and drive ticket sales. 
However, the question remains: can AMC manage its debt, avoid further dilution, and stay afloat long enough to capitalize on the industry revival?
For now, as AMC's Death Cross approaches, the market appears to be anticipating a potential shift—though whether it leads to recovery or further struggles remains unclear.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41817966/amc-offsets-lower-q3-attendance-with-higher-ticket-prices-concessions-analyst-sees-">AMC Offsets Lower Q3 Attendance With Higher Ticket Prices, Concessions: Analyst Sees &#8216;Strategic Pricing&#8217; Success</a></li>
</ul>
Photo: Shutterstock

AMC Nears Death Cross As Debt Takes Center Stage

Movie theater company AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) could highlight market share gains and a strong box office performance when the company reports third-quarter financial results Wednesday<a href="https://www.benzinga.com/earnings"> after the market close.</a>
AMC Earnings Estimates: Analysts expect AMC to report third-quarter revenue of $1.33 billion, down from $1.41 billion in last year's third quarter, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
The company has beaten revenue estimates from analysts in nine of the last 10 quarters, missing in the most recently reported second quarter.
Analysts expect the company to report a loss of 11 cents per share, compared to a loss of 9 cents per share in last year's third quarter. The company has beaten analyst estimates for earnings per share in seven of the last eight quarters, meeting expectations in the most recently reported second quarter.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/09/41073813/amc-survival-against-challenging-sector-brings-magic-comparison-harry-houdini-works-at-amc">AMC Survival Against Challenging Sector Brings Magic Comparison: &#8216;Harry Houdini Works At AMC&#8217;</a>
What AMC Analysts Are Saying: Wedbush analyst Alicia Reese <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40165453/amc-stock-to-remain-volatile-after-q2-results-analysts-praise-market-share-gains-ca">detailed the company's</a> potential market share gains in an investor note after second-quarter financial results.
The analyst, who has a Neutral rating and a $4 price target, said the company needs to reduce its high debt load to help with future growth.
"AMC can also drive revenue growth in Europe with theater upgrades. However, it is unlikely to do so until it works through balance sheet right-sizing," Reese said.
The analyst said a large network of premium screens and concert movie distribution deals could help "justify its premium valuation," but cautioned on more potential capital needed to cover interest payments.
&#8220;We expect AMC&#8217;s shares to remain volatile as its shareholders dislike its frequent share issuances.&#8221;
Benchmark analyst Mike Hickey said AMC's second quarter saw a strong performance with several box office hits.
The analyst, who has a Market Weight rating and no price target, said the concession revenue per attendee was up in the second quarter for domestic theaters along with higher average ticket prices, positives for the company.
Key Items to Watch From AMC: The third-quarter box office rose 0.6% year-over-year domestically according to <a href="https://www.boxofficemojo.com/quarter/q3/?grossesOption=calendarGrosses">data </a>from BoxOfficeMojo. The quarter saw hit films like "Deadpool &amp; Wolverine," "Despicable Me 4," "Twisters" and "Beetlejuice Beetlejuice" released.
AMC's quarterly report comes after peer Cinemark Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41660851/whats-going-on-with-cinemark-holdings-stock-thursday">reported quarterly earnings </a>that saw earnings per share and revenue both beat analyst estimates. The company&#8217;s shares rose after the report, and analysts raised<a href="https://www.benzinga.com/quote/CNK/analyst-ratings"> their price targets.</a>
Cinemark said the third quarter box office exceeded expectations and was the highest quarterly total since the COVID-19 pandemic.
A similar report from AMC could go a long way toward showing a box office recovery and growth ahead.
Fourth-quarter domestic box office hasn't been as strong, with "Venom: The Last Dance" the current top film of the quarter at $92.0 million. Upcoming movies like "Gladiator II," "Moana 2," "Wicked," "Sonic the Hedgehog 3" and "Mufasa: The Lion King" could bring optimism for a strong end to the year for movie theater companies.
AMC CEO Adam Aron has been more optimistic about upcoming years than 2024, which could be echoed in his commentary on Wednesday.
&#8220;With a long list of blockbuster movie titles opening in theaters during the remainder of the year and into 2025 and 2026, the industry-wide box office now appears to us to be poised for sustained growth. Looking ahead, we believe that bodes ever so well for the increasing cash generation potential from AMC&#8217;s movie theaters both at home and abroad," Aron said earlier this year.
AMC Price Action: AMC stock was up 2.3% to $4.50 on Wednesday versus a 52-week trading range of $2.38 to $11.88. AMC stock is down 28% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/05/39010959/amc-ceo-says-were-still-here-how-taylor-swift-popcorn-buckets-help-movie-theater-from-going">AMC CEO Says &#8216;We&#8217;re Still Here&#8217;: How Taylor Swift, Popcorn Buckets Help Movie Theater From Going &#8216;Kaplooey&#8217;</a></li>
</ul>
Photo: Shutterstock

Previews

AMC Q3 Earnings Preview: Can 'Deadpool & Wolverine' Box Office Strength Lift Stock?

Barrington Research analyst James Goss maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and maintains $36 price target.

Barrington Research Maintains Outperform on Cinemark Hldgs, Maintains $36 Price Target

Wells Fargo analyst Omar Mejias maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Overweight and raises the price target from $31 to $35.

Wells Fargo Maintains Overweight on Cinemark Hldgs, Raises Price Target to $35

Wedbush analyst Michael Pachter downgrades Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from Outperform to Neutral and maintains the price target from $32 to $32.

Downgrades

Wedbush Downgrades Cinemark Hldgs to Neutral, Maintains Price Target to $32

Macquarie analyst Chad Beynon maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and raises the price target from $32 to $34.

Macquarie Maintains Outperform on Cinemark Hldgs, Raises Price Target to $34

Barrington Research analyst James Goss upgrades Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from Market Perform to Outperform and announces $36 price target.

Upgrades

Barrington Research Upgrades Cinemark Hldgs to Outperform, Announces $36 Price Target

Cinemark Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NASDAQ">CNK</a>) shares are moving lower on Thursday. The company reported earnings for the third quarter of 2024 before <a href="https://www.benzinga.com//node/41648044">the market opened</a>.
What To Know: Cinemark reported earnings per share of $1.19, beating analyst estimates of 58 cents. The company reported sales of $921.8 million, representing 5% year-over-growth and beating analyst estimates of $882.54 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
By segment, the company saw $460.4 million in admissions revenue and $367.3 million in concession revenue. Cinemark also reported a global average ticket price of $7.62 and concession revenue per customer of $6.08.
Adjusted EBITDA was $221 million in the quarter with a 23.9% adjusted EBITDA margin. The company also reported $107 million in cash from operating activities and $64 million of free cash flow.
&#8220;Strong, sustained consumer enthusiasm for shared, larger-than-life, theatrical experiences was once again on full display in the third quarter as film results far outpaced expectations, delivering the highest quarterly box office since the pandemic, which climbed to within 4% of 3Q19,&#8221; stated Sean Gamble, Cinemark&#8217;s president and CEO.
Cinemark highlighted that it refinanced unsecured notes due in 2026, issuing $500 million in unsecured notes with 7% interest due in 2032 during the quarter. Additionally, the company repaid $6 million of COVID-related debt in Latin America.
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CNK Price Action: At the time of writing, Cinemark shares were down 1.9% at $29.90, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro.</a>
Image: Photo via Shutterstock

Earnings

Movers

What's Going On With Cinemark Holdings Stock Thursday?

Earnings Beats

Cinemark Hldgs Q3 2024 GAAP EPS $1.19 vs $0.58 Estimate, Sales $921.800M Beat $882.542M Estimate

Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Cinemark Hldgs to report an earnings per share (EPS) of $0.40.
Cinemark Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.23, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at Cinemark Hldgs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.09</td>
<td>-0.17</td>
<td>-0.05</td>
<td>0.41</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.32</td>
<td>0.19</td>
<td>-0.15</td>
<td>0.61</td>
</tr>
<tr>
<td>Price Change %</td>
<td>8.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730314964_0.png" alt="eps graph" />
<h3>Analysts' Perspectives on Cinemark Hldgs</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Cinemark Hldgs.
The consensus rating for Cinemark Hldgs is Outperform, derived from 14 analyst ratings. An average one-year price target of $29.21 implies a potential 1.52% downside.
<h3>Comparing Ratings Among Industry Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of and Cinemark Hldgs, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for and Cinemark Hldgs, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cinemark Hldgs</td>
<td>Outperform</td>
<td>-22.08%</td>
<td>$473.60M</td>
<td>12.97%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Cinemark Hldgs ranks at the bottom for Revenue Growth among its peers. It also ranks at the bottom for Gross Profit. However, it ranks in the middle for Return on Equity.
<h3>Discovering Cinemark Hldgs: A Closer Look</h3>
Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.
<h3>Key Indicators: Cinemark Hldgs's Financial Health</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: Cinemark Hldgs's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -22.08%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Cinemark Hldgs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.12% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Cinemark Hldgs's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.97% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.94%, the company showcases effective utilization of assets.
Debt Management: Cinemark Hldgs's debt-to-equity ratio stands notably higher than the industry average, reaching 9.35. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/CNK/earnings">To track all earnings releases for Cinemark Hldgs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Cinemark Hldgs

Wedbush analyst Michael Pachter maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and raises the price target from $31 to $32.

Wedbush Maintains Outperform on Cinemark Hldgs, Raises Price Target to $32

JP Morgan analyst David Karnovsky maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Neutral and raises the price target from $25 to $29.

JP Morgan Maintains Neutral on Cinemark Hldgs, Raises Price Target to $29

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Wells Fargo raised Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) price target from $40 to $52. Wells Fargo analyst Andrew Bauch upgraded the stock from Equal-Weight to Overweight. Affirm shares fell 2.9% to close at $42.01 on Thursday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for Cinemark Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from $29 to $35. Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating. Cinemark shares gained 4.7% to close at $28.63 on Thursday. <a href="https://www.benzinga.com/quote/CNK/analyst-ratings">See </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">how other analysts view this stock.</a></li>
<li>Mizuho cut the price target for Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) from $30 to $13. Mizuho analyst Vijay Rakesh downgraded the stock from Outperform to Neutral. Mobileye shares gained 1.8% to close at $12.29 on Thursday. <a href="https://www.benzinga.com/quote/MBLY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) price target from $390 to $421. Morgan Stanley analyst Hamza Fodderwala maintained an Overweight rating. Palo Alto shares gained 1.8% to close at $369.40 on Thursday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Valneva SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) price target from $23 to $20. HC Wainwright &amp; Co. analyst Edward White maintained a Buy rating. Valneva shares fell 1% to close at $5.69 on Thursday. <a href="https://www.benzinga.com/quote/VALN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $62 to $70. Baird analyst Colin Sebastian maintained an Outperform rating. eBay shares fell 1.3% to close at $66.05 on Thursday. <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) from $23 to $27. B of A Securities analyst Neel Mitra upgraded the stock from Neutral to Buy. Kinder Morgan rose 1% to close at $23.72 on Thursday. <a href="https://www.benzinga.com/quote/KMI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) price target from $56 to $59. Piper Sandler analyst Brian Mullan maintained a Neutral rating. Chipotle shares gained 0.7% to close at $58.33 on Thursday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan raised the price target for Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) from $385 to $525. JP Morgan analyst Ryan Brinkman upgraded the stock from Neutral to Overweight. Ferrari shares fell 0.7% to close at $453.27 on Thursday. <a href="https://www.benzinga.com/quote/RACE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) price target from $9 to $7. Morgan Stanley analyst Erin Wright maintained an Underweight rating. Walgreens shares rose 1.4% to close at $9.03 on Thursday. <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying PANW stock? Here&#8217;s what analysts think: 
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Morgan Stanley analyst Benjamin Swinburne maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Overweight and raises the price target from $29 to $35.

Morgan Stanley Maintains Overweight on Cinemark Hldgs, Raises Price Target to $35

WIIM

Cinemark Holdings shares are trading higher after Roth MKM and Wells Fargo raised their respective price targets on the stock.

Wells Fargo analyst Omar Mejias maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Overweight and raises the price target from $28 to $31.

Wells Fargo Maintains Overweight on Cinemark Hldgs, Raises Price Target to $31

Macquarie raised the firm's price target on Cinemark (CNK) to $34 from $32 and keeps an Outperform rating on the shares. The company reported anoth...

Cinemark price target raised to $34 from $32 at Macquarie

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Wells Fargo analyst Omar Mejias raised the firm's price target on Cinemark (CNK) to $38 from $35 and keeps an Overweight rating on the shares. The ...

Cinemark price target raised to $38 from $35 at Wells Fargo

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Benchmark raised the firm's price target on Cinemark (CNK) to $40 from $32 and keeps a Buy rating on the shares, noting that the domestic box offic...

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