Skip to main content

What To Expect From IMAX’s (IMAX) Q3 Earnings

IMAX Cover Image

Premium cinema technology company IMAX (NYSE: IMAX) will be reporting earnings this Thursday before market hours. Here’s what you need to know.

IMAX beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $91.68 million, up 3.1% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.

Is IMAX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting IMAX’s revenue to grow 16% year on year to $106.1 million, a reversal from the 12% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.

IMAX Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. IMAX has missed Wall Street’s revenue estimates four times over the last two years.

Looking at IMAX’s peers in the media & entertainment segment, only Omnicom Group has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 4%.

Read our full analysis of Omnicom Group’s earnings results here.

Investors in the media & entertainment segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. IMAX is down 1.5% during the same time and is heading into earnings with an average analyst price target of $36.45 (compared to the current share price of $32.18).

P.S. While everyone's chasing Nvidia, we found a hidden AI semiconductor winner trading at a fraction of the price. See our #1 pick before Wall Street catches on.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  222.03
+5.55 (2.56%)
AAPL  262.77
+0.53 (0.20%)
AMD  238.03
-2.53 (-1.05%)
BAC  51.52
-0.52 (-1.00%)
GOOG  251.34
-5.68 (-2.21%)
META  733.27
+1.10 (0.15%)
MSFT  517.66
+0.87 (0.17%)
NVDA  181.16
-1.48 (-0.81%)
ORCL  275.15
-2.03 (-0.73%)
TSLA  442.60
-4.83 (-1.08%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.