Wedbush Reiterates an 'Outperform' on Carmike Cinemas (CKEC); Q4 Beat, Solid Momentum Into Q1
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Price: $33.40 --0%
Rating Summary:
4 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
Rating Summary:
4 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
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Wedbush reiterates an 'Outperform' on Carmike Cinemas (NASDAQ: CKEC) price target raised from $10 to $13.50.
Analyst, Michael Pachter, says, "Q4 results exceeded our high expectations...Attendance growth continues to outpace the industry average...Carmike’s Screenvision partnership contributes solid profits...To reach our Q1 box office estimate of up 15.0%, March must end up only 12%. As of March 11, month-to-date box office is up a staggering 54.5%. In our view, 12% growth in March should be easily attainable with such a strong release slate and we believe that consensus has not yet accounted for this strength."
Wedbush raises FY12 EPS estimate from $0.67 to $0.78 and FY12 revs from $493 mln to $512 mln.
For an analyst ratings summary and ratings history on Carmike Cinemas click here. For more ratings news on Carmike Cinemas click here.
Shares of Carmike Cinemas closed at $9.10 yesterday.
Analyst, Michael Pachter, says, "Q4 results exceeded our high expectations...Attendance growth continues to outpace the industry average...Carmike’s Screenvision partnership contributes solid profits...To reach our Q1 box office estimate of up 15.0%, March must end up only 12%. As of March 11, month-to-date box office is up a staggering 54.5%. In our view, 12% growth in March should be easily attainable with such a strong release slate and we believe that consensus has not yet accounted for this strength."
Wedbush raises FY12 EPS estimate from $0.67 to $0.78 and FY12 revs from $493 mln to $512 mln.
For an analyst ratings summary and ratings history on Carmike Cinemas click here. For more ratings news on Carmike Cinemas click here.
Shares of Carmike Cinemas closed at $9.10 yesterday.
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