Cinemark Holdings Third Quarter 2022 Results: Revenues Beat Expectations, EPS Lags

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Cinemark Holdings (NYSE:CNK) Third Quarter 2022 Results

Main financial results

  • Revenue: $650.4 million (up 50% compared to Q3 2021).
  • Net loss: $24.5 million (loss reduced by 68% compared to Q3 2021).
  • Loss of $0.21 per share (improving from the loss of $0.65 in 3Q 2021).
NYSE: CNK Earnings and Revenue Growth November 6, 2022

All figures shown in the table above are for the 12 month period (TTM)

Cinemark Holdings revenue beats expectations, EPS falls short

Revenue beat analysts’ estimates by 5.9%. Earnings per share (EPS) missed analysts’ estimates by 19%.

Going forward, revenue is expected to grow by an average of 7.5% per year over the next 3 years, compared to a growth forecast of 9.5% for the entertainment industry in the United States.

Performance of the American entertainment industry.

Shares of the company are up 7.6% from a week ago.

Balance sheet analysis

Although it is very important to consider the income statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on the health of Cinemark Holdings’ balance sheet.

Valuation is complex, but we help make it simple.

Find out if Cinemark Holdings is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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