IMAX Gaining On All Grounds - Analyst Highlights StreamSmart Technology And Global Expansion as Catalysts
IMAX Gaining On All Grounds - Analyst Highlights StreamSmart Technology And Global Expansion as Catalysts
Wedbush analyst Alicia Reese reiterated an Outperform rating on the shares of IMAX Corp (NYSE:IMAX) with a price target of $22.
The company is slated to report its first-quarter FY24 earnings on April 25, Thursday.
The analyst expects first-quarter revenue of $82 million vs. the prior estimate of $76 million and consensus of $77 million, with EPS of $0.15 vs. the previous estimate of $0.09 and consensus of $0.08.
IMAX reported a total global first-quarter box office on IMAX screens of $260 million, ahead of the $216 million estimate, thereby raising the analyst's first-quarter revenue estimate by $9 million in revenue from studios and theater partners.
The analyst estimates a 58.3% gross margin (up 72 basis points Y/Y) driven by the outperformance of Dune 2 and sees IMAX to maintain its guidance for adjusted EBITDA margin in the high-30% range in 2024 and 40% in 2025.
IMAX remains on Wedbush's Best Ideas List, given the analyst's view that IMAX is the best way to play any upside to 2024 estimates as consumers' ongoing shift toward premium screens is driving significant market share gains.
IMAX is less impacted by reduced release slate volume in 2024 and thus, should see less volatility, added the analyst.
The brand is expanding its relevance globally by leaning into local-language content and there is an opportunity with IMAX's StreamSmart technology, which could drive estimates higher down the road, said the analyst.
The analyst thinks IMAX can roughly double its screen base, and should be able to accelerate its annual screen growth as its theater partners return to profitability and have more disposable cash to upgrade theaters.
Price Action: IMAX shares are trading higher by 0.94% at $17.24 on the last check Thursday.
Photo via Wikimedia Commons
Wedbush analyst Alicia Reese reiterated an Outperform rating on the shares of IMAX Corp (NYSE:IMAX) with a price target of $22.
Wedbush分析師艾麗西亞·里斯重申了對IMAX公司（紐約證券交易所代碼：IMAX）股票的跑贏大盤評級，目標股價爲22美元。
The company is slated to report its first-quarter FY24 earnings on April 25, Thursday.
該公司定於4月25日星期四公佈其24財年第一季度收益。
The analyst expects first-quarter revenue of $82 million vs. the prior estimate of $76 million and consensus of $77 million, with EPS of $0.15 vs. the previous estimate of $0.09 and consensus of $0.08.
該分析師預計第一季度收入爲8200萬美元，而之前的估計爲7,600萬美元，共識爲7700萬美元，每股收益爲0.15美元，而之前的估計爲0.09美元，共識爲0.08美元。
IMAX reported a total global first-quarter box office on IMAX screens of $260 million, ahead of the $216 million estimate, thereby raising the analyst's first-quarter revenue estimate by $9 million in revenue from studios and theater partners.
IMAX報告稱，IMAX屏幕第一季度全球總票房爲2.6億美元，高於2.16億美元的預期，從而使分析師第一季度來自制片廠和劇院合作伙伴的收入估計增加了900萬美元。
The analyst estimates a 58.3% gross margin (up 72 basis points Y/Y) driven by the outperformance of Dune 2 and sees IMAX to maintain its guidance for adjusted EBITDA margin in the high-30% range in 2024 and 40% in 2025.
該分析師估計，受Dune 2跑贏大盤的推動，毛利率爲58.3％（同比增長72個點子），並預計IMAX將在2024年將調整後的息稅折舊攤銷前利潤率維持在-30％的高水平區間內，在2025年維持40％的預期。
IMAX remains on Wedbush's Best Ideas List, given the analyst's view that IMAX is the best way to play any upside to 2024 estimates as consumers' ongoing shift toward premium screens is driving significant market share gains.
IMAX仍在Wedbush的最佳創意清單上，因爲消費者向高端屏幕的持續轉變推動了市場份額的顯著增長，IMAX仍在Wedbush的最佳創意清單上，IMAX是向2024年估計值上漲的最佳方式。
IMAX is less impacted by reduced release slate volume in 2024 and thus, should see less volatility, added the analyst.
分析師補充說，2024年IMAX受發行量減少的影響較小，因此波動性應該會降低。
The brand is expanding its relevance globally by leaning into local-language content and there is an opportunity with IMAX's StreamSmart technology, which could drive estimates higher down the road, said the analyst.
分析師表示，該品牌正在通過專注於本地語言內容來擴大其在全球的影響力，而IMAX的StreamSmart技術有機會，這可能會推動未來的估值上升。
The analyst thinks IMAX can roughly double its screen base, and should be able to accelerate its annual screen growth as its theater partners return to profitability and have more disposable cash to upgrade theaters.
這位分析師認爲，隨着影院合作伙伴恢復盈利並有更多的可支配現金來升級影院，IMAX可以將其銀幕基礎增加大約一倍，並且應該能夠加快其年度銀幕增長。
Price Action: IMAX shares are trading higher by 0.94% at $17.24 on the last check Thursday.
價格走勢：在週四的最後一次支票中，IMAX股價上漲0.94％，至17.24美元。
Photo via Wikimedia Commons
照片來自維基共享資源
譯文內容由第三人軟體翻譯。
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