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Market Overview

Earnings Outlook For Imax

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On Thursday, March 04, Imax (NYSE:IMAX) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts covering Imax have modeled for quarterly EPS loss of $0.2 on revenue of $47.14 million. Imax EPS in the same period a year ago totaled $0.35. Sales were $124.28 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Thursday, quarterly profit would be down 157.14%. Sales would be down 62.07% from the same quarter last year. Here is how the Imax's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate -0.32 -0.47 -0.14 0.30
EPS Actual -0.75 -0.44 -0.48 0.35
Revenue Estimate 28.44 M 11.85 M 43.24 M 117.99 M
Revenue Actual 37.26 M 8.86 M 34.90 M 124.28 M

Stock Performance

Shares of Imax were trading at $21.41 as of March 02. Over the last 52-week period, shares are up 46.69%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Imax is scheduled to hold the call at 16:30:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings