IMAX (NYS: IMAX) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), IMAX missed estimates on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
Margins increased across the board.
IMAX chalked up revenue of $70.2 million. The 14 analysts polled by S&P Capital IQ predicted sales of $72.0 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $57.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.21. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.16 for Q2 were 433% higher than the prior-year quarter's $0.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 55.3%, 930 basis points better than the prior-year quarter. Operating margin was 22.4%, 1,460 basis points better than the prior-year quarter. Net margin was 15.8%, 1,260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $84.1 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $295.0 million. The average EPS estimate is $0.85.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,493 members out of 1,602 rating the stock outperform, and 109 members rating it underperform. Among 401 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 380 give IMAX a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on IMAX is outperform, with an average price target of $26.39.
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The article IMAX Increases Sales but Misses Revenue Estimates originally appeared on Fool.com.
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