Cinemark Holdings Inc (NYSE:CNK) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, CNK is expected to report 3Q20 loss of $ 1.32 per share from revenue of $ 93.13 million.
For the full year, analysts anticipate top line of $ 898.28 million, while looking forward to loss of $ 4.34 per share bottom line.
Previous Quarter Performance
Cinemark Holdings Inc unfold loss for the second quarter of $ 1.27 per share, from the revenue of $ 8.97 million. The quarterly revenues reduced 99.02 percent compared with the same quarter last year. According to street consensus, CNK was expected to report 2Q20 loss of $ 1.62 per share from revenue of $ 7.92 million. The bottom line results beat street analysts by $ 0.35 or 21.60 percent, at the same time, top line results outshined analysts by $ 1.05 million or 13.26 percent.
Stock Performance
Shares of Cinemark Holdings Inc traded low $ -0.10 or -1.16 percent on Wednesday, reaching $ 8.54 with volume of 6.56 million shares. Cinemark Holdings Inc has traded high as $ 8.60 and has cracked $ 8.21 on the downward trend
The closing price of $ 8.54, representing a 51.31 % increase from the 52 week low of $ 5.71 and a 76.62 % decrease over the 52 week high of $ 36.96.
The company has a market capital of $ 1.02 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by MKM Partners at Buy rating, with $ 15.00 target price.
Conference Call
Cinemark Holdings Inc will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cinemark.com
Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of June 30, 2019, it operated 549 theaters and 6,086 screens in 41 states of the United States, Brazil, and Argentina, as well as in 13 other Latin American countries. The company was founded in 1984 and is headquartered in Plano, Texas.
