Wedbush Securities Expects Tough Q4 Results for Carmike Cinemas, Inc.

In a report published Wednesday, Wedbush Securities analyst Michael Pachter reiterated an Outperform rating and $36.00 price target on

. In the report, Wedbush Securities noted, "Carmike Cinemas will report Q4:14 results after the market close on Monday, March 2, and will host a conference call at 2:00pm PT. We expect Q4:14 results in line with our revised estimates for revenue of $181 million and for EPS of $0.10 vs. consensus of $191 million and $0.20. Consensus estimates are somewhat stale and should adjust near our revised estimates as they do not yet fully reflect actual Q4 domestic box office of down 4.4%. Furthermore, Carmike is up against a difficult comparison as it outperformed the industry in Q4:13 by 450 bps. Our estimates assume admissions revenue per average screen of down 5.7%, with attendance per screen down 5% and average ticket down 1%. We expect concessions and other revenue per patron to increase by 7% in Q4, similar to its competitors due to food and beverage upgrades." Carmike Cinemas, Inc. closed on Tuesday at $31.07.