- Cineplex reported an adjusted EBITDA of C$76.5 million, which missed the estimate of C$80.8 million.
- Attendance increased by 32.7%, showing a positive trend in audience numbers.
- The company recorded revenue of C$361.8 million, surpassing the forecast of C$357.5 million.
- Concession revenue per patron was higher than expected, at C$10.04 compared to an estimate of C$9.68.
- The digital media business experienced strong growth with a 17.8% increase in revenue, mainly due to higher advertising sales in Canada’s largest out-of-home shopping network and increased project revenues.
- Cineplex’s future growth is supported by a 10-year agreement with the North Carolina Education Lottery, indicating positive long-term prospects.
- Analyst recommendations include five buy ratings, one hold, and zero sell ratings.
A look at Cineplex Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Cineplex Inc seems to have a promising long-term outlook. The company scores high on growth, resilience, and momentum, with above-average scores in these areas. This indicates that Cineplex Inc is well-positioned for future expansion and adaptability to market dynamics. With a lower score in the dividend category, investors may not see high returns in the form of dividends. However, the strong performances in growth, resilience, and momentum suggest that Cineplex Inc could potentially yield attractive returns through capital appreciation.
Cineplex, Inc. is a Canadian company that owns and operates movie theaters. The company showcases a variety of films, including regular format, digital, 3D, and IMAX movies. With a focus on providing diverse movie experiences to its audiences, Cineplex Inc‘s strong scores in growth, resilience, and momentum align with its innovative approach to the entertainment industry. This positions the company as a potentially worthwhile investment option for those seeking exposure to the dynamic world of cinema and entertainment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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