Cinemark Holdings, Inc. First Quarter Earnings Sneak Peek

Cinemark Holdings, Inc. (NYSE:CNK) will unveil its latest earnings on Monday, May 7, 2012. Cinemark Holdings is a holding company, together with its subsidiaries, is engaged in the motion picture exhibition industry with theatres in the U.S., Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, and Colombia.

Cinemark Holdings, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 33 cents per share, a rise of 50% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 24 cents. Between one and three months ago, the average estimate moved up. It has risen from 28 cents during the last month. For the year, analysts are projecting profit of $1.62 per share, a rise of 31.7% from last year.

Past Earnings Performance: The company has fallen in line with estimates the last two quarters. In the fourth quarter of the last fiscal year, it reported net income of 19 cents per share and two quarters ago booked profit of 41 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 18.2% in revenue from the year-earlier quarter to $570.9 million.

Analyst Ratings: Analysts are high on the stock, with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 52% to $18.3 million (16 cents a share) from $38 million (33 cents a share) the year earlier, meeting analyst expectations. Revenue rose 2.1% to $535.9 million from $524.9 million.

Key Stats:

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 1.8% in the second quarter of the last fiscal year and 40.8% in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 15.1% in the second quarter of the last fiscal year and 14.2% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 3, 2012 and May 1, 2012, the stock price rose $2.90 (14.3%), from $20.25 to $23.15. The stock price saw one of its best stretches over the last year between November 29, 2011 and December 6, 2011, when shares rose for six straight days, increasing 7.9% (+$1.47) over that span. It saw one of its worst periods between February 3, 2012 and February 10, 2012 when shares fell for six straight days, dropping 4.3% (-88 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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