Is it time to Buy before this week’s earning report Cinemark (NYSE:CNK)

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Earnings results for Cinemark (NYSE:CNK)

Cinemark Holdings Inc is expected* to report earnings on 08/06/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $-1.13. The reported EPS for the same quarter last year was $-1.32.

Cinemark last announced its quarterly earnings data on May 6th, 2021. The reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.46) by $0.29. The firm earned $114.40 million during the quarter, compared to analyst estimates of $98.06 million. Its quarterly revenue was down 79.0% compared to the same quarter last year. Cinemark has generated ($5.25) earnings per share over the last year (($6.48) diluted earnings per share). Earnings for Cinemark are expected to grow in the coming year, from ($3.58) to $0.81 per share. Cinemark has confirmed that its next quarterly earnings report will be published on Friday, August 6th, 2021. Cinemark will be holding an earnings conference call on Friday, August 6th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Cinemark (NYSE:CNK)

8 Wall Street analysts have issued ratings and price targets for Cinemark in the last 12 months. Their average twelve-month price target is $22.80, predicting that the stock has a possible upside of 59.11%. The high price target for CNK is $30.00 and the low price target for CNK is $14.00. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Cinemark has received a consensus rating of Hold. The company’s average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $22.80, Cinemark has a forecasted upside of 59.1% from its current price of $14.33. Cinemark has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Cinemark (NYSE:CNK)

Cinemark does not currently pay a dividend. Cinemark does not have a long track record of dividend growth.

Insiders buying/selling: Cinemark (NYSE:CNK)

In the past three months, Cinemark insiders have not sold or bought any company stock. Only 10.00% of the stock of Cinemark is held by insiders. 88.43% of the stock of Cinemark is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cinemark (NYSE:CNK

Earnings for Cinemark are expected to grow in the coming year, from ($3.58) to $0.81 per share. The P/E ratio of Cinemark is -2.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Cinemark is -2.21, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Cinemark has a P/B Ratio of 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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