Brokers Offer Predictions for Cineplex Inc.’s FY2024 Earnings (TSE:CGX)

Cineplex Inc. (TSE:CGX) – National Bank Financial dropped their FY2024 EPS estimates for Cineplex in a report released on Sunday, July 7th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $0.45 per share for the year, down from their previous forecast of $0.88. The consensus estimate for Cineplex’s current full-year earnings is $0.49 per share. National Bank Financial also issued estimates for Cineplex’s FY2025 earnings at $1.33 EPS.

Separately, Scotiabank cut their price target on shares of Cineplex from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$12.67.

Cineplex Stock Down 0.4 %

Cineplex stock opened at C$8.47 on Wednesday. Cineplex has a fifty-two week low of C$7.10 and a fifty-two week high of C$9.76. The stock has a market cap of C$539.37 million, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.30 and a beta of 2.79. The firm’s 50-day simple moving average is C$8.03 and its 200 day simple moving average is C$8.00. The company has a debt-to-equity ratio of 30,533.69, a quick ratio of 0.22 and a current ratio of 0.41.

Cineplex (TSE:CGX) last released its quarterly earnings results on Thursday, May 9th. The company reported C($0.56) earnings per share for the quarter, missing the consensus estimate of C($0.15) by C($0.41). The company had revenue of C$294.76 million for the quarter, compared to analyst estimates of C$292.60 million.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.