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IMAX (IMAX) Q2 Earnings: What To Expect

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Premium cinema technology company IMAX (NYSE: IMAX) will be reporting results this Thursday morning. Here’s what you need to know.

IMAX met analysts’ revenue expectations last quarter, reporting revenues of $81.38 million, down 6.1% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS 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 grow 3.1% year on year, in line with the 3.1% increase it recorded in the same quarter last year.

IMAX Total Revenue

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

With IMAX being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for media & entertainment stocks. However, there has been positive investor sentiment in the segment, with share prices up 5.5% on average over the last month. IMAX is down 13.1% during the same time .

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