Imax Earnings Preview: Get Ahead of the Analysts

Imax (NASDAQ:IMAX) will report earnings before markets open on Thursday, July 25th. Imax Corporation designs and manufactures projection and sound systems for giant-screen theaters and designs custom attractions, including motion simulation theaters, for both large-scale attractions and smaller venues. The Company also manufactures digital image delivery systems in the form of digital projectors.

Here is your Cheat Sheet to Imax Earnings:

Earnings Expectations: Analysts expect earnings of $0.26 per share on revenues of $76.22 million. Currently, the company’s P/E ratio stands at 41.46.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.27 to a profit $0.2. For the current year, the average estimate is a profit of $0.87, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Imax has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 106 171 249 237 284
Diluted EPS ($) -0.79 0.09 1.51 0.23 0.00

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 70.21 80.71 77.77 49.87
Diluted EPS ($) 0.16 0.22 0.19 0.04

Past Performance:
Imax has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]