IMAX - IMAX Gaining On All Grounds - Analyst Highlights StreamSmart Technology And Global Expansion as Catalysts | Benzinga
Wedbush analyst Alicia Reese reiterated an Outperform rating on the shares of IMAX Corp (NYSE:IMAX) with a price target of $22.
The company is slated to report its first-quarter FY24 earnings on April 25, Thursday.
The analyst expects first-quarter revenue of $82 million vs. the prior estimate of $76 million and consensus of $77 million, with EPS of $0.15 vs. the previous estimate of $0.09 and consensus of $0.08.
IMAX reported a total global first-quarter box office on IMAX screens of $260 million, ahead of the $216 million estimate, thereby raising the analyst’s first-quarter revenue estimate by $9 million in revenue from studios and theater partners.
The ...