
Cinemark Holdings (CNK) Stock Forecast & Price Target
Cinemark Holdings (CNK) Analyst Ratings
Bulls say
Cinemark Holdings Inc. demonstrated impressive financial performance with record concessions per patron, achieving $7.97 in the latest quarter, reflecting a 4% year-over-year increase. The company is projected to generate Q1 revenues of $590 million, marking a 2% increase compared to the previous year, while also experiencing growth in domestic box office admissions and average ticket prices. Furthermore, margin expansion and a commitment to significant capital expenditure of $225 million in 2024 suggest strong operational momentum and anticipated box office growth, reinforcing a positive outlook for the stock.
Bears say
Cinemark Holdings Inc. reported an Adjusted EBITDA of $157 million, which fell short of the consensus estimate of $164 million, primarily due to increased film rental costs, higher labor expenses, and additional promotional spending on alternative content. The company's overreliance on blockbuster films with elevated rental rates has resulted in higher film costs as a percentage of admissions revenue, contributing to its overall financial underperformance. Furthermore, the potential for a prolonged economic downturn poses significant risks to consumer spending on movie attendance, which may adversely affect Cinemark's business and financial condition in unpredictable ways.
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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