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Imax Corp. (IMAX)
NYSE:IMAX
Holding IMAX?
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.42Last Year’s EPS
$0.17Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 13.10%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook for IMAX, with strong financial results, record installations, and a promising content slate for the coming years. Despite challenges in China and a decline in box office revenue, the company is optimistic about growth opportunities and new initiatives.Company Guidance
During the Q3 2024 earnings call for IMAX Corporation, CEO Richard Gelfond highlighted several key metrics illustrating the company's robust performance and optimistic outlook. The company reported an adjusted EBITDA of $39 million with a 42% margin, and earnings per share (EPS) of $0.35, surpassing consensus estimates by over 50%. IMAX has installed 100 systems globally year-to-date, with Q3 alone seeing 49 installations, up 63% from the previous year. The company is on track to meet the high end of its installation guidance, projecting between 130 and 150 systems for the year. Additionally, IMAX signed agreements for 119 systems worldwide, aiming to exceed the 129 systems completed in 2023. The domestic box office in Q3 2024 outperformed 2019 by 45%, showcasing significant growth despite challenging comparisons from the previous year. Looking ahead, Gelfond expressed confidence in achieving more than $1.2 billion in IMAX grosses worldwide in 2025, driven by a strong slate of films and increased exhibitor demand.Record Installations and Signings
IMAX installed 100 systems worldwide year-to-date, including 49 in Q3 2024, marking a 63% increase year-over-year. They signed agreements for 119 IMAX systems worldwide year-to-date, on track to exceed the 129 completed in 2023.
Strong Financial Performance
IMAX achieved adjusted EBITDA of $39 million at a 42% margin and EPS of $0.35, beating consensus estimates by over 50%. Operating cash flows increased by 21% year-over-year to $35 million.
Robust Content Pipeline
The 2025 and 2026 slates are expected to be strong with major releases, including 14 films shot with IMAX cameras in 2025. The company expects 2025 to be their best year at the global box office, projecting over $1.2 billion in IMAX grosses worldwide.
Successful Expansion in Saudi Arabia
IMAX expanded its footprint in Saudi Arabia, signing agreements with the top 4 exhibitors and aiming to grow from 10 to at least 50 locations in the coming years.
Innovative Content and Technology Initiatives
IMAX is exploring new technology and content formats, including live streaming events like the League of Legends World Championship, and testing proprietary technology to expand their connected live network.
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IMAX 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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IMAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $21.68 | $24.30 | +12.08% |
| Jul 25, 2024 | $17.83 | $19.40 | +8.81% |
| Apr 25, 2024 | $17.66 | $17.46 | -1.13% |
| Feb 27, 2024 | $15.79 | $17.54 | +11.08% |
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 Imax Corp. (IMAX) report earnings?
Imax Corp. (IMAX) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Imax Corp. (IMAX) earnings time?
Imax Corp. (IMAX) earnings time is at Mar 04, 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 IMAX EPS forecast?
IMAX EPS forecast for the fiscal quarter 2024 (Q4) is $0.42.
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