Imax Corporation (NYSE:IMAX) is set to announce second quarter earning results on Tuesday 28th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, IMAX to report 2Q20 loss of $ 0.52 per share from revenue of $ 9.81 million.
For the full year, analysts anticipate top line of $ 167.25 million, while looking forward to loss of $ 1.04 per share bottom line.
Previous Quarter Performance
Imax Corporation unwinded loss for the first quarter of $ 0.48 per share, from the revenue of $ 34.90 million. The consensus estimates are loss of $ 0.14 per share from $ 43.24 million in revenue. The bottom line results missed street analysts by $ 0.34 or 242.86 percent, at the same time, top line results fell short of analysts by $ 8.34 million or 19.29 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IMAX was $ 12.64, representing a 110.32 % increase from the 52 week low of $ 6.01 and a 44.76 % decrease over the 52 week high of $ 22.88.
The company has a market capital of $ 743.07 million and is part of the Consumer Cyclical sector and Media – Diversified industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by MKM Partners at Buy rating, with $ 18.00 target price.
Conference Call
Imax Corporation will be hosting a conference call at 4:30 PM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.imax.com
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in motion picture technologies and presentations worldwide. It offers cinematic solution comprising proprietary software, theater architecture, and equipment. The company engages in Digital Re-Mastering (DMR) of films into the IMAX format for exhibition in the IMAX theater network; the provision of IMAX premium theater systems to exhibitor customers through sales, long-term leases, and joint revenue sharing arrangements; the distribution of documentary films; the provision of production technical support and film post-production services; the ownership and operation of IMAX theaters; and the provision of camera and other miscellaneous items rental services.
