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IMAX (IMAX) Reports Earnings Tomorrow: What To Expect

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IMAX Cover Image

Premium cinema technology company IMAX (NYSE: IMAX) will be reporting earnings this Thursday after market close. Here’s what to expect.

IMAX beat analysts’ revenue expectations last quarter, reporting revenues of $125.2 million, up 35.1% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.

Is IMAX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting IMAX’s revenue to decline 6.5% year on year, a reversal from the 9.5% increase it recorded in the same quarter last year.

IMAX Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. IMAX has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at IMAX’s peers in the media & entertainment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Stride delivered year-on-year revenue growth of 2.7%, meeting analysts’ expectations, and Omnicom Group reported revenues up 69.2%, topping estimates by 8.7%.

Read our full analysis of Stride’s results here and Omnicom Group’s results here.

There has been positive sentiment among investors in the media & entertainment segment, with share prices up 13.1% on average over the last month. IMAX’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $45.09 (compared to the current share price of $37.62).

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