$CNK

4 stories mentioning CNK

Every FINWIRES story that references CNK, newest first.

Domestic Box Office Poised for Continued Momentum After May Beat, B. Riley Says

Domestic box office performance in May was stronger than expected, likely boding well for this month, with AMC Entertainment (AMC), Cinemark (CNK), and Marcus (MCS) seen as beneficiaries, B. Riley Securities said Monday.Preliminary figures for last month show box office collections of $1.06 billion, up 9% year over year and ahead of the brokerage's $890 million forecast."We believe it was ahead of market expectations, providing added confidence in near-term estimates and the summer slate," B. Riley Managing Director Drew Crum said in a note to clients. "A stronger June slate headlined by 'Toy Story 5,' plus an easier comp, suggests further positive momentum is plausible."B. Riley sees AMC, Cinemark and Marcus among the beneficiaries, according to the note.AMC shares were up nearly 14% in Monday afternoon trade, while Cinemark jumped 11%. Marcus rose 3.6%.The latest box office performance reflects carryover from April movies like Amazon (AMZN) MGM-distributed film "Project Hail Mary," and "Michael," as well as a solid sequel debut for "The Devil Wears Prada 2," and a strong opening weekend for A24's YouTube-inspired horror phenomenon "Backrooms," B. Riley said.The brokerage expects May box office performance to be issued this week, including a global total from Imax (IMAX) and separately a figure from Cineplex offering a read on the Canadian market, according to the note.B. Riley projects June domestic box office collections at $1 billion, which would mark a 20% annual gain amid an easier prior-year comparison and other upcoming high-profile titles like Amazon MGM's "Masters of the Universe" and Paramount's (PSKY) "Scary Movie."Box office performance will potentially be offset by the FIFA World Cup 2026, which kicks off June 11, according to the brokerage.Price: $1.96, Change: $+0.23, Percent Change: +13.01%

$AMC$AMZN$CNK$IMAX$MCS$PSKY

Wire42d ago

Cinemark Seen Benefiting From Stronger Film Slate, Pricing Gains, Wedbush Says

Cinemark (CNK) is positioned to benefit from a more consistent film release slate over the coming quarters, along with ongoing gains in pricing, premium format adoption and theater investment initiatives, Wedbush Securities said in a Monday note.The analysts said Cinemark delivered strong Q1 results with revenue, adjusted EBITDA, and earnings per share all exceeding expectations. The performance was driven by robust domestic box office trends, higher attendance and improved ticket pricing.Wedbush highlighted strong concessions performance, including record domestic food and beverage per-cap spending, supported by pricing actions and operational efficiencies. The note also pointed to steady market share, a strong loyalty program and expanding alternative content offerings.The company can benefit from investments in premium seating, laser projection and IMAX expansion. It also sees upside from new builds and potential acquisitions. Shareholder returns through dividends and buybacks remain a key part of the story and a stronger film slate should support performance over the rest of the year, according to the note.Wedbush maintained its outperform rating on the stock with a price target of $37.Shares of Cinemark were up 1.6% in Monday trading.Price: $28.07, Change: $+0.45, Percent Change: +1.63%

$CNK

Wire49d ago

Cinemark Likely to Benefit From Release Slate, Wedbush Says

Cinemark (CNK) is set to benefit from a more consistent release slate over the next several quarters and further market share gains, Wedbush said in a Monday note."The summer slate, especially in Q3, is shaping up very nicely," the report said.The note said theater investments, including laser projectors, premium seats and screens, IMAX expansion, and strategic pricing could drive market share gains. It also pointed to other benefits such as new builds and returning cash to shareholders.For its Q1 results due May 1, Wedbush expects Cinemark to post Q1 revenue of $638 million, against consensus of $629 million, and a loss of $0.03 per share, against consensus of $0.16 loss.Wedbush kept its outperform rating and a $37 price target.Price: $29.40, Change: $+0.92, Percent Change: +3.23%

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US Markets59d ago

B. Riley Upgrades 2026 Box Office Outlook Following First-Quarter Beat

US box office revenue this year is set to come in higher than previously projected following a better-than-expected first quarter, B. Riley Securities said Friday.The industry raked in box office proceeds of about $1.74 billion in the first three months of the year, jumping 22% year over year and ahead of the brokerage's $1.59 billion view. The performance reflected a 14% increase in January, a "flattish" February and "healthy" gains in March, which benefited from the commercial success of the Amazon (AMZN) MGM-distributed film "Project Hail Mary," B. Riley said.Paramount Skydance's (PSKY) "Scream 7," Walt Disney's (DIS) "Hoppers" and Warner Bros. Discovery's (WBD) "Wuthering Heights" also contributed to the first-quarter outperformance, B. Riley analyst Drew Crum said in a note to clients.The brokerage now estimates domestic box office collections of $9.55 billion for 2026, up from its previous expectations of $9.40 billion, with the outperformance in the first quarter "serving as the key driver to this upward adjustment."The first-quarter domestic box office provided "some needed confidence following a shaky (second half of 2025), while this momentum has continued into early (second quarter)," Crum said.B. Riley reiterated its US box office revenue estimate of $2.70 billion for the current three-month period, reflecting an annual increase of 1%. For the third and fourth quarters, the brokerage is expecting proceeds of $2.70 billion and $2.40 billion, respectively."Improving box office trends could lead to quarterly beats, upward revisions to estimates, and hence multiple expansion," Crum said. "General optimism for the 2026-2027 slate, further progress on windowing, and encouraging developments regarding labor negotiations for Hollywood guilds, may help sentiment too."The brokerage raised its price targets on the stocks of AMC Entertainment (AMC) to $2 from $1.50 and on Cinemark (CNK) to $34 from $30, with neutral ratings. It continues to have a buy rating on Imax (IMAX) shares.Price: $1.90, Change: $+0.29, Percent Change: +17.70%

$AMC$AMZN$CNK$DIS$IMAX$PSKY$WBD