Cinemark Holdings, Inc. Second Quarter Earnings Sneak Peek

Cinemark Holdings, Inc. (NYSE:CNK) will unveil its latest earnings on Friday, August 5, 2011. 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 & Colombia.

Cinemark Holdings, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 41 cents per share, a rise of 17.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month. For the year, analysts are projecting net income of $1.41 per share, a rise of 9.3% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 10 cents, reporting profit of 22 cents per share against a mean estimate of net income of 12 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $593.6 million in revenue this quarter, a rise of 10% from the year ago quarter. Analysts are forecasting total revenue of $2.27 billion for the year, a rise of 6.1% from last year’s revenue of $2.14 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 28.9% from the year earlier quarter, while the figure dropped 4.6% in the fourth quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In first quarter, revenue declined 6.5% to $483.1 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 2.1%.

Competitors to Watch: Regal Entertainment Group (NYSE:RGC), Carmike Cinemas, Inc. (NASDAQ:CKEC), The Marcus Corporation (NYSE:MCS), and Reading Intl., Inc. (NASDAQ:RDI).

Stock Price Performance: During July 1, 2011 to August 1, 2011, the stock price had dropped $1.76 (-8.3%) from $21.12 to $19.36. The stock price saw one of its best stretches over the last year between March 29, 2011 and April 6, 2011 when shares rose for seven-straight days, rising 9.2% (+$1.73) over that span. It saw one of its worst periods between August 6, 2010 and August 13, 2010 when shares fell for six-straight days, falling 5.4% (-85 cents) over that span. Shares are up $2.48 (+14.7%) year to date.

(Source: Xignite Financials)

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