Imax Corp reports results for the quarter ended March 31 - Earnings Summary

• Imax Corp IMAX.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of ten analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 1 cents to 17 cents per share.

• Revenue rose 9.5% to $86.67 million from a year ago; analysts expected $84.09 million.

• Imax Corp's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $2.33 million.

• Imax Corp shares had fallen by 10.8% this quarter and lost 8.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30.9% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the entertainment production peer group is also "buy"

• Wall Street's median 12-month price target for Imax Corp is $31.50

This summary was machine generated from LSEG data April 23 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)