IMAX Earnings Prediction
The chart below shows how IMAX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IMAX sees a -1.79% change in stock price 10 days leading up to the earnings, and a +3.85% change 10 days following the report. On the earnings day itself, the stock moves by +1.34%. This data can give you a slight idea of what to expect for the next quarter's release.
IMAX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
91.45M
-11.98%
2.80%
Gross Margin
54.10%
-8.77%
12.97%
Operating Margin
20.31%
-18.34%
462.60%
Net Margin
16.78%
16.04%
194.39%
EPS
0.26
18.18%
271.43%
No Data Available
IMAX Earnings Analysis
Imax Corp Corporation (IMAX.N) Earnings Conference Call
Positive
Record Global Box Office: We expect 2025 to be our best year ever at the global box office with more than $1.2 billion and IMAX grossed worldwide.
Earnings Beat Consensus: We beat consensus estimates with adjusted EBITDA of $39 million at a 42% margin and EPS of $0.35, beating the street by over 50%.
Global System Installations: We have already installed 100 systems worldwide year-to-date, including one of our best third quarters ever.
Record Third Quarter Box Office: We delivered one of our best third quarters ever at the global box office, driven by domestic box office that exceeded 2019 by 45%.
Record Q3 Revenue Performance: We delivered $91.5 million in revenue, with content solutions revenues of $30 million reflecting our third highest Q3 box office of all time on various tentpole content.
Negative
Content Solutions Revenue Decline: Year-over-year revenues from content solutions declined 32%, driven by the mix of content compared to the prior year that was powered by the record setting box office from Oppenheimer.
Decline in System Rental Revenue: System rental revenues were down, indicating a decrease in demand for IMAX systems.
Box Office Performance Impact: China's box office performance was weak this year, impacting overall revenue growth.
Earnings Per Share Stability: The adjusted EPS for the quarter was $0.35, consistent with last year's same quarter record, indicating no growth in earnings per share.
Effective Tax Rate Decrease: The adjusted tax rate was 13%, which is below the mid-20s statutory rate, reflecting a decrease in effective tax rate due to the jurisdictional mix of profits.
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IMAX Earning Call Sentiment
IMAX Corporation (IMAX) Q3 2024 Earnings Call Transcript
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IMAX.N
0.9%Positive
The earnings call reveals strong system installations, increased EPS, and positive cash flow growth. Despite some concerns about content revenue decline and debt, the raised guidance for system installations and strategic partnerships, like the one with Wanda Film, bolster future prospects. The Q&A shows management's confidence in future box office performance and ongoing initiatives to improve operations. Share repurchases add to shareholder value. Overall, the positive financial metrics and strategic growth plans outweigh the negatives, suggesting a likely positive stock price movement in the coming weeks.