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CINEPLEX Inc (TSE:CGX)
:CGX
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.34Last Year’s EPS
-0.19Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: 1.86%
|Next Earnings Date:Aug 10, 2018
Earnings Call Sentiment|Neutral
Cineplex's Q3 2024 earnings call reflected a positive outlook with strong box office performance and digital media growth, although challenges such as decreased attendance, increased film costs, and a significant charge related to a legal decision weighed on the results.Company Guidance
During the Cineplex Q3 2024 earnings call, management provided guidance emphasizing strong box office revenues of $175 million, which were 98% of 2019 levels and total revenues of $395 million, slightly below 2023's record due to the Barbenheimer phenomenon. The company achieved an impressive Box Office Per Patron (BPP) of $13.19 and Concession Per Patron (CPP) of $9.85, marking all-time quarterly records, with premium experiences comprising 42.2% of the box office. Cineplex's diversified businesses, including Cineplex Digital Media, reported a 40.3% year-over-year revenue growth, while the Location-Based Entertainment (LBE) segment delivered $31.1 million in revenue. The company also highlighted a strategic focus on data-driven insights to attract diverse audiences and confirmed a robust film slate for the remainder of 2024 and into 2025, projecting continued momentum in media and LBE businesses.Strong Box Office Performance
Cineplex achieved box office revenues of $175 million in Q3 2024, representing 98% of 2019 levels. Total revenue was $395 million, exceeding 2019 levels.
Record BPP and CPP
Cineplex achieved a BPP of $13.19 and a CPP of $9.85, both all-time quarterly records.
Digital Media Growth
Cineplex Digital Media achieved an impressive 40.3% year-over-year revenue growth due to expanded digital out-of-home shopping networks and new clients.
New LBE Locations
Three new LBE locations opening in Q4 2024, including Quebec's first Rec Room and a flagship location in Vancouver.
Positive Financial Position
Cineplex had $32 million in cash and no drawings under the $100 million credit facility at quarter end.
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TSE:CGX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CGX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$10.78 | C$10.52 | -2.41% |
| Aug 09, 2024 | C$8.97 | C$9.66 | +7.69% |
| May 09, 2024 | C$8.91 | C$8.62 | -3.25% |
| Feb 08, 2024 | C$8.23 | C$7.67 | -6.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CINEPLEX Inc (TSE:CGX) report earnings?
CINEPLEX Inc (TSE:CGX) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is CINEPLEX Inc (TSE:CGX) earnings time?
CINEPLEX Inc (TSE:CGX) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CGX EPS forecast?
TSE:CGX EPS forecast for the fiscal quarter 2024 (Q4) is 0.34.
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