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The Leisure & Recreation Services industry is hurt by elevated interest rates and high costs. Stocks like RCL, NCLH and CNK are better positioned to escape industry challenges.
Cinemark (CNK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Stocks like DoubleDown Interactive Co., Ltd. (DDI), Acme United Corporation (ACU), Traeger, Inc. (COOK) and Cinemark Holdings, Inc. (CNK) are likely to gain once the Fed starts its rate cuts.
Cinemark's Q2 was characterized by weak box office activity, as Hollywood's 2023 strikes affected new movie releases adversely. The result shows a fair performance in line with AMC's, with Cinemark also being able to vary costs effectively and being able to sell concessions well. The box office pipeline for 2025 and 2026 remains strong, making for a confident recovery in the upcoming years.
Cinemark (CNK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Discretionary stocks like PlayAGS, Inc. (AGS), Cinemark Holdings, Inc. (CNK), Hilton Grand Vacations Inc. (HGV), Royal Caribbean Cruises Ltd. (RCL) and YETI Holdings, Inc. (YETI) are likely to gain once the Fed starts its rate cuts.
While Monday was a bloodbath for most equities, the market wasn't completely devoid of winners. One standout performer was movie theater owner and operator Cinemark (NYSE: CNK ).
Wall Street sentiment toward Cinemark (NYSE: CNK ) stock is still trending upward. Some movie theater chains have struggled since the Covid-19 pandemic, but this company is making notable progress.
Cinemark Holdings Inc CNK reported better-than-expected second-quarter financial results on Friday.
Cinemark Holdings, Inc. (NYSE:CNK ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Chanda Brashears - Senior Vice President, Investor Relations Sean Gamble - President and Chief Executive Officer Melissa Thomas - Chief Financial Officer Conference Call Participants Aaron Lee - Macquarie David Karnovsky - JPMorgan Eric Handler - ROTH MKM Ben Swinburne - Morgan Stanley Jim Goss - Barrington Research Omar Mejias - Wells Fargo Mike Hickey - Benchmark Eric Wold - B. Riley Securities Robert Fishman - MoffettNathanson Stephen Laszczyk - Goldman Sachs Operator Welcome to the Cinemark Holdings Inc. Second Quarter 2024 Earnings Call.