La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Imax a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Imax..

Imax (NYSE:IMAX) Azioni, Catena delle Opzioni

Imax

Imax Corp is a premier global technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers a unique end-to-end solution to create superior, immersive content experiences for which the IMAX brand is globally renowned. Top filmmakers, movie studios, artists, and creators utilize the cutting-edge visual and sound technology of IMAX to connect with audiences in innovative ways. The Company leverages its proprietary technology and engineering in all aspects of its business, which principally consists of the IMAX film remastering and the sale or lease of premium IMAX theater systems.

Imax Corp

IMAX CHINA HLDG INC ORD by IMAX China Hldg Inc

IMAX China Holding Inc

<a href="https://www.hollywoodreporter.com/movies/movie-features/wicked-box-office-gladiator-previews-1236069327/">https://www.hollywoodreporter.com/movies/movie-features/wicked-box-office-gladiator-previews-1236069327/</a>
Call it whatever you want &mdash; Glicked, Wikiator or Barbienheimer 2.0. The only thing that matters is that the domestic <a href="https://www.hollywoodreporter.com/t/box-office/">box office</a> is <a href="https://www.hollywoodreporter.com/movies/movie-news/moana-2-tracking-record-thanksgiving-opening-1236055787/">springing back to life in historic fashio</a>n thanks to the combo of Universal&#39;s musical <a href="https://www.hollywoodreporter.com/t/wicked/">Wicked</a> and Paramount&#39;s <a href="https://www.hollywoodreporter.com/t/gladiator-ii/">Gladiator II</a>.
Fueled largely by females, Wicked grossed a huge $11 million in Thursday previews from 3,3000 cinemas for a total preview tally of $19.2 million when factoring in special advance screenings held over the past week. On Monday, Amazon Prime screenings generated $2.5 million at 750 theaters, while advance screenings on Wednesday generated another $5.7 million from 2,000 theaters.
Filmmaker Jon M. Chu&#39;s adaptation of the popular Broadway musical boasts a high-profile cast led by <a href="https://www.hollywoodreporter.com/t/ariana-grande/">Ariana Grande</a> and Cynthia Erivo, and should score one of the top opening of all time for a musical, and particularly a live-action musical (think anywhere from $85 million to $150 million). That&#39;s good news for the genre, which has a decidedly mixed record. It&#39;s also good news for Universal, which took a major gamble in making two movies. Wicked II hits theaters a year from now.
The $150 film was originally set to open Nov. 27, the day before Thanksgiving, but moved up to build word of mouth heading into Thanksgiving week. The new date also allows gives it some breathing room from Disney&#39;s <a href="https://www.hollywoodreporter.com/t/moana-2/">Moana 2</a>, which sails into theaters on the 27th. Moana 2 is likewise looking like a monster and is expected to lead the biggest five-day holiday weekend of all time (Wednesday through Sunday).
Social media has been abuzz with speculation that Gladiator II and Wicked will replicate the Barbenheimer effect this weekend and be the perfect pairing in terms of attracting males and females to the multiplex. Wicked presently boasts an 89 percent fresh ratings critics score on Rotten Tomatoes and Gladiator, 72 percent.
Originally based on the best-selling novel by Gregory Maguire &mdash; Wicked tells the untold story of the witches of Oz, with Erivo as Elphaba and Grande as Glinda. Winnie Holzman, the stage production&#39;s book writer, wrote the screenplay for Chu&#39;s movie with Dana Fox. Academy Award-winning composer and lyricist Stephen Schwartz adapted the musical for the screen.
Directed by Ridley Scott, the $250 million Gladiator sequel opens 24 years after the first film and is looks to open to hearty $65 million or thereabouts. The follow-up stars Paul Mescal, <a href="https://www.hollywoodreporter.com/t/denzel-washington/">Denzel Washington</a>, Connie Nielsen and Fred Hechinger, among others.
&nbsp;
<a href="https://www.hollywoodreporter.com/movies/movie-news/gladiator-2-trailer-paul-mescal-1236009553/">The film </a>sees Mescal playing a grown-up Lucius Verus II, a nephew of Emperor Commodus from the original film, played by Joaquin Phoenix. Lucius returns to Rome after being forced into slavery to battle not as a ruler but as a gladiator out for revenge and power, seeking to return the glory of Rome to its people.

News

CMCSA

IMAX

PARA

"Box Office: 'Wicked' Earns Huge $19M From Week-Long Previews, 'Gladiator II' Soars to $6.5M on Thursday Alone" - Hollywood Reporter

JPMorgan has unveiled his latest picks for short positions, flagging three stocks — IMAX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>), ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), and H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>)— as <a href="https://www.benzinga.com/trading-ideas/short-ideas">potential downside plays</a>. 
Each faces unique headwinds, with challenging market dynamics and heightened financial strain.
Here&#8217;s why these stocks are under the microscope for short-sellers.
<h2 class="wp-block-heading">IMAX: The Big Screen, But Smaller Numbers?</h2>
While IMAX has been a leader in high-end cinematic experiences, analyst David Karnovsky is cautious. 
Despite the distinct appeal of IMAX theaters, its global Digital Media Remastering (DMR) business is having a rough year. Karnovsky sees more pain ahead, projecting a 13.4% downside due to a weak 2024 box office outlook and an unclear path for 2025 growth. 
With blockbusters not consistently delivering and a heavy reliance on DMR performance, IMAX's valuation could be ripe for a correction. Trading at 10x its estimated 2024 EBITDA, the stock appears to lack a clear path to blockbuster gains.
Read Also: <a href="https://www.benzinga.com/news/24/11/41801967/top-3-energy-stocks-that-are-ticking-portfolio-bombs">Top 3 Energy Stocks That Are Ticking Portfolio Bombs</a>
<h2 class="wp-block-heading">H.B. Fuller: Sticking With The Wrong Glue?</h2>
H.B. Fuller, a stalwart in adhesives and specialty chemicals, is also facing challenges, according to analyst Jeffrey Zekauskas. 
The company's margins are under pressure amid rising input costs, and its limited cash generation capacity after acquisitions is compounding issues. Fuller trades at 9.6x its 2025 EBITDA estimate, and with a potential price drop of around 6%, the stock doesn't seem to have much room to maneuver. 
Zekauskas sees weak cash flows and pricing pressures as hurdles that may stick with the company well into the future, making it a less-than-attractive hold.
<h2 class="wp-block-heading">ZIM Integrated Shipping: Treading Water With A Heavy Load</h2>
ZIM Integrated Shipping is perhaps the most vulnerable of the trio. With 85% of its volume exposed to spot markets and a significant chunk of its vessels on charters, ZIM is at the mercy of fluctuating container rates. 
Analyst Alexia Dogani sees a whopping 58% downside by 2025 as the company grapples with shrinking EBITDA, rising debt, and heavy capital investments. At 6.1x its 2025 EBITDA and 1.1x book value, the math isn't adding up in ZIM's favor, making it a risky bet for long-term investors.
JPMorgan&#8217;s bearish outlook for IMAX, H.B. Fuller, and ZIM highlights the hurdles these companies face in their respective sectors. From blockbuster inconsistencies to sticky pricing and a sinking shipping market, these companies are navigating challenging waters.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41784498/dead-company-walking-short-seller-sets-sights-on-viasat-expects-elon-musks-starlink-to-take-share-af">&#8216;Dead Company Walking&#8217;: Short Seller Sets Sights On ViaSat, Expects Elon Musk&#8217;s Starlink To Take Share After Trump Win</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Short Sellers

Short Ideas

Analyst Ratings

Trading Ideas

JPMorgan Flags IMAX, H.B. Fuller, ZIM As Top Short Picks With Challenges

Barrington Research analyst James Goss maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Outperform and raises the price target from $24 to $28.

Price Target

Barrington Research Maintains Outperform on Imax, Raises Price Target to $28

Roth MKM analyst Eric Handler maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Buy and raises the price target from $27 to $28.

Roth MKM Maintains Buy on Imax, Raises Price Target to $28

WIIM

Imax shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.

Barrington Research analyst James Goss maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Outperform and maintains $24 price target.

Barrington Research Maintains Outperform on Imax, Maintains $24 Price Target

Rosenblatt analyst Steve Frankel maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Buy and maintains $28 price target.

Rosenblatt Maintains Buy on Imax, Maintains $28 Price Target

Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.23 by 52.17 percent. The company reported quarterly sales of $91.452 million which missed the analyst consensus estimate of $93.711 million by 2.41 percent. This is a 11.98 percent decrease over sales of $103.900 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Imax Q3 2024 Adj. EPS $0.35 Beats $0.23 Estimate, Sales $91.452M Miss $93.711M Estimate

Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.
Analysts estimate that Imax will report an earnings per share (EPS) of $0.27. 
The announcement from Imax is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
The company's EPS beat by $0.11 in the last quarter, leading to a 3.56% increase in the share price on the following day.
Here's a look at Imax's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.07</td>
<td>0.10</td>
<td>0.05</td>
<td>0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.18</td>
<td>0.15</td>
<td>0.17</td>
<td>0.35</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>-2.0%</td>
<td>11.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730217729_0.png" alt="eps graph" />
<h3>Tracking Imax's Stock Performance</h3>
Shares of Imax were trading at $20.55 as of October 28. Over the last 52-week period, shares are up 14.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/IMAX/earnings">To track all earnings releases for Imax visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Imax's Earnings

JP Morgan analyst David Karnovsky maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Neutral and raises the price target from $20 to $21.

JP Morgan Maintains Neutral on Imax, Raises Price Target to $21

The Internet Archive, a&nbsp;global digital library, has suffered a significant security breach and a DDoS attack, compromising <a target="_blank" href="https://www.benzinga.com/news/24/10/41266620/internet-archive-hit-by-major-security-breach-and-ddos-attack-31-million-accounts-compromised" rel="noreferrer noopener">data of 31 million accounts</a>.
Following a court ruling, Turkey has banned the widely-used instant messaging platform Discord, according to the country's Information Technologies and <a href="https://www.benzinga.com/news/24/10/41243847/erdo-ans-justice-minister-speaks-up-on-discord-ban-in-turkey-we-are-determined-to-protect-our-youth" target="_blank" rel="noreferrer noopener">Communication Authority or BTK</a>.
The U.N. revealed in a report that the messaging app&nbsp;Telegram, an&nbsp;encrypted messaging app, has been identified as a <a target="_blank" href="https://www.benzinga.com/news/24/10/41221289/telegram-the-new-frontier-for-criminal-gangs-un-report-uncovers-alarming-trends-in-organized-crime" rel="noreferrer noopener">major platform for criminal activities</a>.
In a cyberattack linked to the Chinese government, major U.S. broadband providers have reportedly been breached, potentially compromising systems used for <a href="https://www.benzinga.com/news/24/10/41200026/chinese-hackers-breach-at-t-verizon-networks-in-major-wiretap-data-theft-putting-us-national-securit" target="_blank" rel="noreferrer noopener">court-authorized wiretapping requests</a>.
Billionaire entrepreneur and&nbsp;Dallas Mavericks&nbsp;owner&nbsp;Mark Cuban&nbsp;has shed light on the future of linear television and streaming platforms, highlighting the <a target="_blank" href="https://www.benzinga.com/news/24/10/41219900/mark-cuban-on-how-tv-will-evolve-in-the-future-says-he-saw-the-rise-of-netflix-like-platforms-before" rel="noreferrer noopener">crucial&nbsp;role of sports media rights</a>.
Gaming
Nintendo Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) has officially announced the "Nintendo Switch Online: Playtest Program," allowing up to 10,000 participants to test a new feature related to <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41280517/how-to-join-nintendos-playtest-program-to-experience-new-switch-online-feature" rel="noreferrer noopener">the&nbsp;Nintendo Switch Online service</a>.
FIFA has announced a fresh partnership with&nbsp;Konami Group ADR, marking the return of the<a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41279567/fifa-partners-with-konami-for-efootball-fifae-world-cup-revival" rel="noreferrer noopener">&nbsp;FIFAe World Cup tournament</a>.
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) has revealed the full slate of new additions coming to the PlayStation Plus Games Catalog for October 2024, giving subscribers a variety of games to look forward to across <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41277228/playstation-plus-october-2024-dead-island-2-leads-spooky-lineup-of-14-games" rel="noreferrer noopener">both the&nbsp;Extra and Premium tiers</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41209970/netflix-analysts-turn-more-optimistic-ahead-of-earnings-expensive-for-a-reason" rel="noreferrer noopener">Netflix Analysts Turn More Optimistic Ahead Of Earnings: &#8216;Expensive For A Reason&#8217;</a>
Media, Communication &amp; Music
ByteDance-owned&nbsp;TikTok&nbsp;is facing legal action from&nbsp;13 U.S. states and the&nbsp;District of Columbia.&nbsp;The states accuse TikTok of&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/10/41243023/tiktok-gets-sued-13-states-and-dc-accuse-chinese-platform-of-boosting-corporate-profits-via-social-m" rel="noreferrer noopener">causing harm to its younger users</a>.
Following the success of "Oppenheimer," renowned director&nbsp;Christopher Nolan has reportedly joined forces with actor&nbsp;Matt Damon for a <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41266961/christopher-nolan-taps-matt-damon-for-mystery-2026-imax-epic-is-universals-big-bet-likely-t" rel="noreferrer noopener">new&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41266961/christopher-nolan-taps-matt-damon-for-mystery-2026-imax-epic-is-universals-big-bet-likely-t" rel="noreferrer noopener">Imax Corporation</a><a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41266961/christopher-nolan-taps-matt-damon-for-mystery-2026-imax-epic-is-universals-big-bet-likely-t" rel="noreferrer noopener"> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>)</a>.
Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) is gearing up to launch&nbsp;AI avatars&nbsp;that can communicate on behalf <a target="_blank" href="https://www.benzinga.com/news/24/10/41265317/zoom-custom-ai-avatars-can-now-deliver-messages-to-your-team-as-you-skipping-boring-remote-meetings" rel="noreferrer noopener">of users by posing as them</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41215414/goldman-sachs-raises-forecast-on-spotify-cites-user-engagement-growth-and-potential" rel="noreferrer noopener">Goldman Sachs Raises Forecast On Spotify, Cites User Engagement Growth and Potential Deluxe Tier Revenue</a>
Technology
Advanced Micro Devices, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) disclosed plans for its next-gen&nbsp;MI350&nbsp;chip, aimed at competing with NVIDIA Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) new Blackwell system, with shipping anticipated&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/10/41284533/nvidias-blackwell-chip-faces-amds-mi350-challenge-in-2025-ceo-lisa-su-says-beginning-not-the-end-of" rel="noreferrer noopener">in the second half of&nbsp;2025</a>.
Advanced Micro Devices launched several new high-performance computing solutions at the event, including fifth Gen AMD EPYC server CPUs, AMD Instinct MI325X accelerators, AMD Pensando Salina DPUs, AMD Pensando Pollara 400 NICs and AMD Ryzen AI PRO 300 series <a target="_blank" href="https://www.benzinga.com/news/24/10/41282666/what-happened-with-amd-stock-today" rel="noreferrer noopener">processors for enterprise AI PCs</a>.&nbsp;
Taiwanese contract manufacturer Hon Hai Precision Industry Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>) the company, which is popularly called&nbsp;Foxconn&nbsp;is gearing up to construct the&nbsp;largest <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand" rel="noreferrer noopener">manufacturing facility&nbsp;for&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand" rel="noreferrer noopener">Nvidia&#8217;s </a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand" rel="noreferrer noopener">GB200 chip</a>.
Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&nbsp;is rolling out new AI-powered security features for Android devices aimed at preventing phone theft. These features, which were&nbsp;initially announced in May, are designed to <a href="https://www.benzinga.com/news/24/10/41204898/google-starts-rolling-out-ai-powered-security-features-to-combat-android-phone-theft" target="_blank" rel="noreferrer noopener">automatically secure a device if it is stolen</a>.
Following&nbsp;the antitrust verdict,&nbsp;Google has made moves to halt changes <a target="_blank" href="https://www.benzinga.com/news/24/10/41220186/google-will-continue-to-fight-epic-games-in-court-to-halt-epic-requested-changes-to-play-store-under" rel="noreferrer noopener">proposed by&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41220186/google-will-continue-to-fight-epic-games-in-court-to-halt-epic-requested-changes-to-play-store-under" rel="noreferrer noopener">Epic Games</a>.
Amazon.com, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) cloud computing platform,&nbsp;Amazon Web Services&nbsp;CEO&nbsp;Matt Garman&nbsp;disclosed that the company had been delving into generative AI long&nbsp;before it <a target="_blank" href="https://www.benzinga.com/news/24/10/41201296/aws-ceo-matt-garman-once-an-intern-says-they-were-pioneering-generative-ai-at-amazon-long-before-cha" rel="noreferrer noopener">became a widely&nbsp;accepted concept</a>.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257775/uber-well-positioned-despite-tesla-robotaxi-threat-analyst-says" rel="noreferrer noopener">Uber &#8216;Well Positioned&#8217; Despite Tesla Robotaxi Threat, Analyst Says</a>
Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) formally rejected the accusations levied in a recent report by&nbsp;Hindenburg Research, an investment firm <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41255828/roblox-denies-hindenburgs-accusations-of-inflating-metrics-failing-at-child-safety-calls-them-misl" rel="noreferrer noopener">known for&nbsp;activist short-selling</a>.
Smartphones
Earlier this year, tech giants&nbsp;Alphabet and&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) joined forces to simplify the process of moving photos and videos between <a href="https://www.benzinga.com/news/24/10/41265188/how-to-switch-from-google-photos-to-apples-icloud" target="_blank" rel="noreferrer noopener">their platforms by launching a tool</a>.
Amazon.com and&nbsp;Apple have announced a collaboration, as per which&nbsp;Apple TV+ will be <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41264628/apple-tv-coming-to-amazon-prime-video-this-month-what-you-need-to-know-about-the-9-99-add-o" rel="noreferrer noopener">available through&nbsp;Prime Video</a>.
Apple&nbsp;is reportedly planning to launch a health-focused smart ring by 2026, according to a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41222158/apples-smart-ring-could-launch-by-2026-in-line-with-tim-cooks-health-centric-vision" rel="noreferrer noopener">forecast by analysts at CCS Insight</a>.
Elon Musk &amp; Artificial Intelligence (AI)
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;Robotaxi is set to disrupt the autonomous driving market, <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech" target="_blank" rel="noreferrer noopener">currently led by </a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech" target="_blank" rel="noreferrer noopener">Alphabet&#8217;s </a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech" target="_blank" rel="noreferrer noopener">Waymo</a>.
CEO&nbsp;Elon Musk's social media platform,&nbsp;X, formerly&nbsp;Twitter, has been granted permission by Brazil's Supreme Court to&nbsp;recommence<a target="_blank" href="https://www.benzinga.com/news/24/10/41242624/elon-musk-vows-to-defend-freedom-of-speech-but-within-the-boundaries-of-the-law-as-x-gets-brazil-gre" rel="noreferrer noopener"> its operations&nbsp;in the country</a>.
The Federal Communications Commission or FCC has temporarily authorized&nbsp;Elon Musk-led&nbsp;SpaceX and&nbsp;T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) to provide direct-to-cell service via Starlink satellites in <a target="_blank" href="https://www.benzinga.com/news/24/10/41200194/spacex-and-t-mobiles-direct-to-cell-satellite-service-for-hurricane-hit-areas-green-lighted-by-fcc-a" rel="noreferrer noopener">areas&nbsp;impacted by Hurricane Helene</a>.
Read:<a target="_blank" href="https://www.benzinga.com/news/24/10/41224028/elon-musk-talks-ai-woke-mind-virus-starlink-and-california-governor-gavin-newsom-with-tucker-carlson" rel="noreferrer noopener"> Elon Musk Talks AI, Woke Mind Virus, Starlink And California Governor Gavin Newsom With Tucker Carlson</a>
ChatGPT-parent&nbsp;OpenAI has disclosed that its platform is being misused by malicious entities to meddle with democratic <a href="https://www.benzinga.com/news/24/10/41267154/ahead-of-trump-vs-harris-faceoff-chatgpt-parent-openai-uncovers-election-interference-misuse-but-see" target="_blank" rel="noreferrer noopener">elections across the globe</a>.
Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41239978/s-p-500-earnings-season-kicks-off-why-analysts-call-this-quarter-a-stock-pickers-pa" target="_blank" rel="noreferrer noopener">S&amp;P 500 Earnings Season Kicks Off: Why Analysts Call This Quarter &#8216;A Stock Picker&#8217;s Paradise&#8217;</a>

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Roth MKM analyst Eric Handler maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Buy and maintains $27 price target.

Roth MKM Maintains Buy on Imax, Maintains $27 Price Target

Following the success of &#8220;Oppenheimer,&#8221; renowned director&nbsp;Christopher Nolan&nbsp;has reportedly joined forces with actor&nbsp;Matt Damon&nbsp;for a new IMAX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) film. 
What Happened: Nolan, who bagged an Oscar for &#8220;Oppenheimer,&#8221; is returning to Universal Pictures, which is owned by the&nbsp;Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) for his upcoming project, <a href="https://deadline.com/2024/10/christopher-nolan-new-movie-matt-damon-release-date-1236099940/">reported</a> Deadline, citing sources.
The film is set for an IMAX&nbsp;release on July 17, 2026,&nbsp;and shooting could start in early 2025.
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41222158/apples-smart-ring-could-launch-by-2026-in-line-with-tim-cooks-health-centric-vision?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Smart Ring Could Launch By 2026 In Line With Tim Cook&#8217;s Health-Centric Vision, Says Analyst: &#8216;One Of His Major Legacies From Apple Would Be Around Personal Health&#8217;</a>
This will be the third collaboration between Damon and Nolan, following &#8220;Interstellar&#8221; and &#8220;Oppenheimer.&#8221;
Nolan is known for his tendency to reteam with actors, and Damon joins Christian Bale and Cillian Murphy in the list of actors who&nbsp;have worked with Nolan on&nbsp;multiple occasions.
With the project now officially underway, it is expected to attract a host of A-list talent to join Damon in the ensemble cast, the report noted.
Why It Matters: Nolan&#8217;s decision to continue with Universal is not surprising, considering the success of &#8220;Oppenheimer.&#8221; 
The film raked in $328.9 million domestically and $975.6 million worldwide, <a href="https://www.benzinga.com/general/entertainment/24/03/37600557/oppenheimer-scoops-the-96th-academy-awards-with-7-oscars-emma-stone-a-second-actress-award-">bagging seven Oscars</a> including Best Picture and Best Director.
&#8220;Oppenheimer&#8221; significantly contributed to Comcast&#8217;s third-quarter <a href="https://www.benzinga.com/news/earnings/23/10/35437693/comcast-says-oppenheimer-grossed-more-than-900m-loses-broadband-subs-in-q3-stock-tanks">financial year 2023 revenue</a> growth. The company reportedly revenue growth reaching $30.12 billion, surpassing the expected $29.69 billion at the time.
Peacock, a streaming service owned by NBCUniversal, a subsidiary of Comcast, reported an almost 80% year-over-year increase, reaching 28 million. The platform&#8217;s revenue surged by 64%, hitting $830 million during the same time.
Similarly, <a href="https://www.benzinga.com/news/earnings/23/10/35416714/imax-q3-earnings-smashes-estimates-on-box-office-strength">IMAX&#8217;s third-quarter earning</a> in financial year 2023 was also driven by the success of Oppenheimer.
At the time, IMAX reported a 51% year-over-year increase in sales, reaching $103.90 million, surpassing the analyst consensus of $100.72 million.
The movie company also noted that the third quarter was its second-highest-grossing quarter ever at the IMAX global box office.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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Christopher Nolan Taps Matt Damon For Mystery 2026 IMAX Epic: Is Universal's Big Bet Likely To Payoff?

Wedbush analyst Alicia Reese maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Outperform and raises the price target from $24 to $26.

Wedbush Maintains Outperform on Imax, Raises Price Target to $26

<h4>Key Takeaways:</h4>
<ul>
<li>Imax China reported its profit fell 9% to $12.65 million in the first half of this year</li>
<li>Some observers expect a potential new privatization bid for the Chinese cinema company by its Canadian parent, after a previous bid failed</li>
</ul>
By Lau Chi Hang
It once wowed investors with a story of riches from the potent combination of its big-screen technology and a booming Chinese box office with potential to become the world&rsquo;s largest. But these days&nbsp;Imax China Holding Inc.&nbsp;(1970.HK) looks far less promising, as its technology that once looked so hot has failed to catch on and growth at China&rsquo;s box office also slows.
The China unit of Canada&rsquo;s&nbsp;Imax Corp.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/imax#NYSE">IMAX</a>) has also been far from a crowd pleaser among investors, with its shares now trading 72% below what they fetched when the company made a Hong Kong IPO in 2015.&nbsp;
The disappointment continued this year, as Imax China&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0725/2024072501559.pdf">reported&nbsp;</a>its revenue fell 3.2% in the first half of 2024 to $43.9 million, while its profit also sagged nearly 9% to $12.65 million. The company&rsquo;s gross margin also fell 6.1 percentage points to 57.2% from 63.3% a year earlier.
Imax is known for its film production and projection systems with higher resolution, sharpness, greater contrast and more complete color than traditional movie technology. Imax China gets its revenue from two sources, namely, &ldquo;content solutions&rdquo; that convert movies and other content into the Imax format; and other technology products and services that include rentals, sales and maintenance for Imax systems used by third-party cinema operators.
Content solutions is the smaller of that pair, taking a beating as its revenue tumbled 34% in the first half to $9.35 million. It blamed the decline on weak Imax movie ticket sales, which fell to $108 million during the six months from $165 million a year earlier. Its technology products and services fare better, with revenue up 10% to $34.1 million year-on-year.
<h3>Unsuitable Films</h3>
One of Imax&rsquo;s strongest selling points is the high-resolution and 3D qualities it brings to films. But the format isn&rsquo;t necessary for all movies, and is generally best suited to genres like science fiction, fantasy or movies with very visually distinct scenes. Other genres, such as art-house, romance, comedy or daily life-themed movies, benefit little from the format.
Accordingly, years with more visually attractive films tend to bring a strong box office for Imax China. Last year was a case in point with the release in China of a series of sci-fi, fantasy and other visually notable blockbusters, including &ldquo;Avatar: The Way of Water,&rdquo; &ldquo;Oppenheimer,&rdquo; and &ldquo;The Wandering Earth 2.&rdquo; Audiences often preferred to watch such films in Imax theaters and willingly paid a premium for the more expensive tickets, generating a revenue bonanza for the company. But this year so far has failed to produce a similar string of suitable big hits for Imax&rsquo;s big-screen format, pressuring the company&rsquo;s ticket sales.&nbsp;
<h3>Waning&nbsp;Box Office Boom</h3>
Another factor hitting the company is the fading of a movie-going boom after China lifted its strict pandemic restrictions at the start of last year. People flocked to theaters at first in their eagerness to get out and about again, fueling a surge in ticket sales.&nbsp;
But that boom has subsided lately as China&rsquo;s slowing economy causes consumers to rein in their spending. China&rsquo;s box office took in 1.53 billion yuan ($214 million) during this year&rsquo;s five-day Labor Day holiday at the beginning of May, similar to the previous year. If the remaining two months of the summer holidays are similar to July&rsquo;s box office of 7.5 billion yuan, the summer box office is likely to total less than 20 billion yuan this year, also flat from last year&rsquo;s 20.6 billion yuan.&nbsp;
Such a slowdown doesn&rsquo;t bode well for Imax China&rsquo;s prospects, at least not in the near-term. When it went public in 2015, investors were mesmerized with a Chinese box office that grew 30.7% in the period from 2010 to 2014. At that time, a growing preference for premium viewing experiences by China&rsquo;s growing middle class also convinced investors that demand for Imax movies would continue to grow.&nbsp;。
But the fast growth slammed to a halt during the pandemic, and has failed to return since then, with demand for Imax movies falling far short of expectation. While things picked up after the end of pandemic restrictions last year, the new normal characterized by an economic slowdown and consumer caution is hurting demand for more premium products like Imax films.
<h3>Privatization Story</h3>
Imax China&rsquo;s stock fell nearly 7% after the interim results were announced, and the stock is now down 86% from the HK$60 it reached not long after its listing.
Last July, its Canadian parent attempted to take the company private and offered to purchase the shares for HK$10 apiece, representing a 40% premium to the price before the offer. But the Canadian fund Letko rejected the offer as too low, and also opposed the privatization as the Chinese box office seemed to be coming back to life. Its opposition and a subsequent shareholder revolt ultimately caused the privatization bid to fail.
To get its way, Imax threatened that its China offspring might stop paying dividends if minority shareholders didn&rsquo;t approve the privatization. That left a bad taste in the mouth of many investors, surprised at how far the company was willing to go to complete the delisting.&nbsp;
The privatization bid&rsquo;s collapse sent Imax China&rsquo;s stock into a tailspin, though it has started to recover since May. That&rsquo;s fueling speculation that some investors may be returning to the stock in anticipation of a new privatization bid with a similar premium to the first one.&nbsp;
Imax China&rsquo;s price-to-earnings (P/E) ratio currently stands at 13 times, which looks relatively strong considering that many rivals like&nbsp;AMC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) and&nbsp;Orange Sky Golden Harvest Entertainment&nbsp;(1132.HK) are still losing money. But it could have room to grow further if a new privatization offer may be coming. That said, the stock really doesn&rsquo;t seem to offer much for investors right now purely based on the company&rsquo;s fundamentals, given the slowdown in China&rsquo;s movie market and growing consumer caution that may dampen demand for its pricier Imax movie tickets.&nbsp;
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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As Chinese Cinema Spotlight Fades, Investors See Value In Imax China As Privatization Play

Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Marvel Studios&#8217; &#8220;Deadpool &amp; Wolverine&#8221; continue dominating the box office, grossing $824 million globally after two weekends in release.
The movie raked <a target="_blank" href="https://www.benzinga.com/news/24/07/39991247/disney-amc-and-imax-stocks-surge-after-deadpool-wolverine-breaks-box-office-records" rel="noreferrer noopener">$38.5 million in</a> Thursday previews, reaching a record for an R-rated film.
The comic book sequel, featuring Ryan Reynolds and Hugh Jackman reprising their roles, has already surpassed the entire theatrical runs of 2016&#8217;s &#8220;Deadpool&#8221; ($783 million) and 2018&#8217;s &#8220;Deadpool 2&#8221; ($786 million), Variety <a target="_blank" href="https://www.theverge.com/2024/8/2/24212016/game-informer-shutting-down-layoffs-gamestop" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40099971/disney-plans-more-layoffs-in-tv-unit-focuses-on-streaming-investments-report" rel="noreferrer noopener">Disney Plans More Layoffs in TV Unit, Focuses on Streaming Investments: Report</a>
&#8220;Deadpool &amp; Wolverine&#8221; is now the second-highest grossing movie of 2024, trailing only &#8220;Inside Out 2&#8221; ($1.555 billion), and ranks as the third-biggest R-rated movie in history after &#8220;Joker&#8221; ($1.07 billion) and &#8220;Oppenheimer&#8221; ($975 million). It&#8217;s on track to cross the $1 billion mark soon.
This weekend, Disney became the first studio in 2024 to surpass $3 billion in worldwide ticket sales with only four nationwide releases: &#8220;Deadpool &amp; Wolverine,&#8221; &#8220;Inside Out 2,&#8221; &#8220;Kingdom of the Planet of the Apes&#8221; ($397 million), and &#8220;The First Omen&#8221; ($53 million).
The film has also performed well in premium formats like Imax Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>), contributing $17.5 million in global weekend ticket sales and $64.5 million.
Disney purchased Marvel for $4 billion in 2009. According to the Hollywood Reporter&#8217;s March reports, <a target="_blank" href="https://www.benzinga.com/news/24/08/40129336/disney-leverages-marvel-avengers-franchise-for-new-cruise-line-experience" rel="noreferrer noopener">Marvel has added</a> approximately $13.2 billion in value to Disney.
In May, Disney reported&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38669929/walt-disney-q2-earnings-profit-beat-moderating-parks-growth-password-sharing-crackdown-and-more" rel="noreferrer noopener">revenue growth of 1%</a> year-on-year to $22.08 billion, lagging the&nbsp;analyst consensus estimate of $22.11 billion.
Investors can gain exposure to Disney through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>).
Price Actions: DIS shares closed lower by 3.74% at $89.57 on Friday. IMAX closed higher by 0.57% at $21.30.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Marvel Entertainment

Deadpool & Wolverine Grosses $824M Globally, Disney Hits $3B Milestone: Report

AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares are trading higher Wednesday. This positive movement possibly follows a series of favorable <a href="https://www.benzinga.com/news/24/07/40047063/whats-going-on-with-amc-entertainment-stock">developments for the company this week.</a>
AMC is scheduled to release its second-quarter financial results on August 2. Preliminary results indicate that AMC expects second-quarter revenue of approximately $1.03 billion. Additionally, the company expects a second-quarter loss of 43 cents per share.
During the week, AMC also announced it set new 2024 records for weekend attendance and admissions revenue at its U.S. theaters from Thursday to Sunday. This record-breaking performance was led by the opening weekend of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Marvel's &#8220;Deadpool &amp; Wolverine,&#8221; which set new all-time opening weekend records for an R-rated film. 
Furthermore, AMC posted its highest food and beverage revenue for a single weekend since 2019 and sold more beer, wine and cocktails over the weekend than in any other weekend in company history.
Why It Matters: CEO Adam Aron highlighted the upward trajectory of moviegoing trends and noted a significant increase in daily revenue in June compared to April and May.
AMC Price Action: AMC shares are up 5.19% at $5.37 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent073124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="543" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31131618/AMC-1-1024x543.png" alt="" class="wp-image-468404" style="width:550px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31131618/AMC-1-1024x543.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31131618/AMC-1-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31131618/AMC-1-768x407.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31131618/AMC-1.png 1087w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo via Shutterstock.

Movers

What's Going On With AMC Shares Today?

AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) has seen strong momentum since Imax Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) jumped on strong second-quarter earnings results last week. Here&#8217;s what <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40006542/apple-amazon-microsoft-meta-lead-the-charge-as-investors-bank-on-tech-cheer-for-ral">you need to know</a>.
What To Know: AMC shares have been trending higher in recent sessions since the stock <a href="https://www.benzinga.com/news/24/07/39968468/whats-going-on-with-amc-entertainment-stock-on-thursday">popped last week</a> following Imax&#8217;s better-than-expected financial results. 
Imax CEO Rich Gelfond said on the call that lingering effects of the pandemic and strikes are &#8220;firmly behind&#8221; the company, calling the quarter an &#8220;inflection point&#8221; for Imax&#8217;s business. 
AMC scheduled its&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">second-quarter financial results</a>&nbsp;for Aug. 2 and reported preliminary results last week. 
AMC expects second-quarter revenue of approximately $1.03 billion versus estimates of $1.018 billion, according to estimates from&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company anticipates a second-quarter loss of 10 cents per share versus estimates for a loss of 43 cents per share.&nbsp;
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/40038023/magnificent-seven-face-pivotal-market-moment-as-4-mega-tech-giants-report-earnings-this-week">Magnificent 7 Face Pivotal Market Moment As 4 Mega Tech Giants Report Earnings This Week</a>
AMC on Monday announced that it set new 2024 records for weekend attendance and admissions revenue at its U.S. theater locations&nbsp;this past Thursday through Sunday.
The record-breaking performance was led by the opening weekend of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Marvel&#8217;s <a href="https://www.benzinga.com/news/24/07/39991247/disney-amc-and-imax-stocks-surge-after-deadpool-wolverine-breaks-box-office-records" target="_blank" rel="noreferrer noopener">"Deadpool &amp; Wolverine,"</a>&nbsp;which set new all-time opening weekend records for an R-rated film.
AMC also posted its highest food and beverage revenue for a single weekend since 2019. In the U.S., AMC said it sold more beer, wine and cocktails over the weekend than in any other weekend in AMC company history.
"AMC has been predicting for quite some time that moviegoing would return to lofty levels this summer. The trifecta of INSIDE OUT 2, DESPICABLE ME 4 and DEADPOOL &amp; WOLVERINE, combined with a myriad of other successful movies, has proven us right," said&nbsp;Adam Aron, chairman and CEO of AMC.
Aron noted that moviegoing trends appear to be on an &#8220;upwards trajectory,&#8221; and the company said it saw a &#8220;significant increase&#8221; in daily revenue in June, compared to April and May. 
AMC Price Action: <a href="https://www.benzinga.com/quote/AMC" target="_blank" rel="noreferrer noopener">AMC shares</a> were up 1.06% at $5.22 at the time of writing Tuesday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: <a href="https://www.flickr.com/photos/davedugdale/">Dave Dugdale</a> from Flickr.

What's Going On With AMC Entertainment Stock?

Have you evaluated the performance of Imax&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/imax#NYSE">IMAX</a>) international operations during the quarter that concluded in June 2024? Considering the extensive worldwide presence of this entertainment technology company, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.
The global economy today is deeply interlinked, making a company&#39;s engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm&#39;s potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.
Being present in international markets serves as a counterbalance to domestic economic challenges while offering chances to engage with more rapidly evolving economies. However, this kind of diversification introduces challenges like currency fluctuations, geopolitical uncertainties and varying market trends.
While analyzing IMAX&#39;s performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.
The recent quarter saw the company&#39;s total revenue reaching $88.96 million, marking a decline of 9.2% from the prior-year quarter. Next, we&#39;ll examine the breakdown of IMAX&#39;s revenue from abroad to comprehend the significance of its international presence.
A Closer Look at IMAX&#39;s Revenue Streams Abroad
Greater China accounted for 25.6% of the company&#39;s total revenue during the quarter, translating to $22.75 million. Revenues from this region represented a surprise of +16.31%, with Wall Street analysts collectively expecting $19.56 million. When compared to the preceding quarter and the same quarter in the previous year, Greater China contributed $21.45 million (27.1%) and $19.11 million (19.5%) to the total revenue, respectively.
Of the total revenue, $9.59 million came from Asia excluding Greater China during the last fiscal quarter, accounting for 10.8%. This represented a surprise of -25.97% as analysts had expected the region to contribute $12.95 million to the total revenue. In comparison, the region contributed $9.13 million, or 11.5%, and $15.96 million, or 16.3%, to total revenue in the previous and year-ago quarters, respectively.
Western Europe generated $10.51 million in revenues for the company in the last quarter, constituting 11.8% of the total. This represented a surprise of -20.99% compared to the $13.3 million projected by Wall Street analysts. Comparatively, in the previous quarter, Western Europe accounted for $14.19 million (17.9%), and in the year-ago quarter, it contributed $19.81 million (20.2%) to the total revenue.
During the quarter, Rest of the World contributed $2.4 million in revenue, making up 2.7% of the total revenue. When compared to the consensus estimate of $4.08 million, this meant a surprise of -41.1%. Looking back, Rest of the World contributed $3.88 million, or 4.9%, in the previous quarter, and $3.37 million, or 3.4%, in the same quarter of the previous year.
Of the total revenue, $2.26 million came from Latin America during the last fiscal quarter, accounting for 2.5%. This represented a surprise of -27.16% as analysts had expected the region to contribute $3.1 million to the total revenue. In comparison, the region contributed $1.46 million, or 1.9%, and $2.83 million, or 2.9%, to total revenue in the previous and year-ago quarters, respectively.
Canada generated $3.16 million in revenues for the company in the last quarter, constituting 3.6% of the total. This represented a surprise of +0.61% compared to the $3.14 million projected by Wall Street analysts. Comparatively, in the previous quarter, Canada accounted for $2.41 million (3%), and in the year-ago quarter, it contributed $4.1 million (4.2%) to the total revenue.
Anticipated Revenues in Overseas Markets
For the current fiscal quarter, it is anticipated by Wall Street analysts that Imax will report a total revenue of $98.07 million, which reflects a decline of 5.6% from the same quarter in the previous year. The revenue contributions are expected to be 23.9% from Greater China ($23.48 million), 15% from Asia excluding Greater China ($14.74 million), 14.6% from Western Europe ($14.3 million), 5.2% from Rest of the World ($5.05 million), 3.5% from Latin America ($3.46 million) and 3.9% from Canada ($3.82 million).
Analysts expect the company to report a total annual revenue of $371.95 million for the full year, marking a decrease of 0.8% compared to last year. The expected revenue contributions from Greater China, Asia excluding Greater China, Western Europe, Rest of the World, Latin America and Canada are projected to be 24.5% ($91.29 million), 14.4% ($53.55 million), 15.9% ($59.03 million), 5.2% ($19.31 million), 3.4% ($12.54 million) and 3.7% ($13.79 million) of the total revenue, in that order.
In Conclusion
The dependency of Imax on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm&#39;s future performance.
With the increasing intricacies of global interdependence and geopolitical strife, Wall Street analysts meticulously observe these patterns, especially for companies with an international footprint, to tweak their forecasts of earnings. Importantly, several additional factors, such as a company&#39;s domestic market status, also impact these earnings forecasts.
Here at Zacks, we put a great deal of emphasis on a company&#39;s changing earnings outlook, as empirical research has shown that&#39;s a powerful force driving a stock&#39;s near-term price performance. Quite naturally, the correlation is positive here -- an upward revision in earnings estimates drives the stock price higher.
The Zacks Rank, our proprietary stock rating tool, comes with an externally validated impressive track record. It effectively utilizes shifts in earnings projections to act as a dependable barometer for forecasting short-term stock price trends.
Currently, Imax holds a Zacks Rank #3 (Hold), signifying its potential to match the overall market&#39;s performance in the forthcoming period.
Examining the Latest Trends in Imax&#39;s Stock Value
Over the preceding four weeks, the stock&#39;s value has appreciated by 19.8%, against a downturn of 0.2% in the Zacks S&amp;P 500 composite. In parallel, the Zacks Consumer Discretionary sector, which counts Imax among its entities, has depreciated by 1.7%. Over the past three months, the company&#39;s shares have seen an increase of 20.2% versus the S&amp;P 500&#39;s 7.5% increase. The sector overall has witnessed an increase of 1.4% over the same period.
<a href="https://www.zacks.com/stock/news/2310761/imax-imax-international-revenue-performance-explored?cid=CS-BENZ-FT-fundamental_analysis|nfm_international_revenues-2310761">To read this article on Zacks.com click here.</a>

Imax International Revenue Performance Explored

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