
Cinemark Holdings (CNK) Stock Forecast & Price Target
Cinemark Holdings (CNK) Analyst Ratings
Bulls say
Cinemark Holdings Inc. reported a notable increase in key performance metrics, with concessions per cap reaching a record $8.34 for the quarter, reflecting a 5.2% growth. The company's Movie Club membership surged to 1.45 million members, indicating a 12% year-over-year increase and significantly outperforming pre-pandemic levels. Additionally, adjusted EBITDA rose 63% to $232 million, with an expanded margin of 24.7%, surpassing both internal and consensus estimates, demonstrating strong operational leverage amidst rising revenue streams.
Bears say
Cinemark Holdings Inc is facing a negative financial outlook as evidenced by a projected 9% year-over-year decline in Q3 revenues to approximately $837 million, alongside a decline in EBITDA expectations to around $171 million, reflecting a margin of 20.5%. The domestic box office revenue has already fallen by 6% by the end of July and is anticipated to weaken further in subsequent months against tough comparisons. Additionally, lowered full-year revenue and adjusted EBITDA estimates indicate a cautious view, with projected revenues revised down to $3.165 billion and EBITDA to $621 million, despite some optimism for a potential rebound in Q4.
This aggregate rating is based on analysts' research of Cinemark Holdings and is not a guaranteed prediction by Public.com or investment advice.
Cinemark Holdings (CNK) Analyst Forecast & Price Prediction
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