Nomura Securities Reiterates a 'Buy' on Cinemark Holdings (CNK); Stale Popcorn at Box Office?
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Price: $37.38 -0.74%
Rating Summary:
17 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities reiterates a 'Buy' on Cinemark Holdings (NYSE: CNK) price target of $27.00.
Analyst, Robert Fishman, said, "We are lowering our 3Q estimates largely to reflect the weaker U.S. box office. We now project Cinemark will report EPS of $0.35 (vs. $0.45 prev.), $0.07 below consensus. We are reducing our revenue growth for the quarter to -2% (vs. +3% previously) and company defined adjusted EBITDA growth to -13% Y/Y (vs. flat previously). Our 2012 and 2013 EPS estimates decrease to $1.59 (vs. $1.68 prev.) and $1.80 (vs. $1.84 prev.), respectively."
"We believe current valuation provides a compelling entry point given the company’s marketleading position in a strong Latin American box office industry."
For an analyst ratings summary and ratings history on Cinemark Holdings click here. For more ratings news on Cinemark Holdings click here.
Shares of Cinemark Holdings closed at $23.67 yesterday.
Analyst, Robert Fishman, said, "We are lowering our 3Q estimates largely to reflect the weaker U.S. box office. We now project Cinemark will report EPS of $0.35 (vs. $0.45 prev.), $0.07 below consensus. We are reducing our revenue growth for the quarter to -2% (vs. +3% previously) and company defined adjusted EBITDA growth to -13% Y/Y (vs. flat previously). Our 2012 and 2013 EPS estimates decrease to $1.59 (vs. $1.68 prev.) and $1.80 (vs. $1.84 prev.), respectively."
"We believe current valuation provides a compelling entry point given the company’s marketleading position in a strong Latin American box office industry."
For an analyst ratings summary and ratings history on Cinemark Holdings click here. For more ratings news on Cinemark Holdings click here.
Shares of Cinemark Holdings closed at $23.67 yesterday.
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