Cinemark Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Cinemark Holdings Inc CNK.N reported a quarterly adjusted loss of 32 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of ten analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -37 cents to 4 cents per share.

• Revenue fell 6.6% to $540.70 million from a year ago; analysts expected $537.58 million.

• Cinemark Holdings Inc's reported EPS for the quarter was a loss of 32 cents​.

• The company reported a quarterly loss of $38.9 million.

• Cinemark Holdings Inc shares had risen by 20.1% this quarter and lost 3.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 601.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the leisure & recreation peer group is also "buy"

• Wall Street's median 12-month price target for Cinemark Holdings Inc is $34.50

This summary was machine generated from LSEG data May 2 at 01:31 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)