What is Zacks Research’s Estimate for IMAX FY2024 Earnings?

IMAX Co. (NYSE:IMAX) – Stock analysts at Zacks Research raised their FY2024 EPS estimates for shares of IMAX in a research report issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.72 for the year, up from their previous estimate of $0.58. The consensus estimate for IMAX’s current full-year earnings is $0.76 per share. Zacks Research also issued estimates for IMAX’s Q4 2025 earnings at $0.38 EPS, FY2025 earnings at $0.77 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.15 EPS and FY2026 earnings at $0.85 EPS.

IMAX (NYSE:IMAX) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. IMAX had a return on equity of 7.53% and a net margin of 6.74%. The business had revenue of $91.50 million for the quarter, compared to analysts’ expectations of $93.71 million. During the same period in the previous year, the business posted $0.27 EPS. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year.

IMAX has been the subject of several other reports. Rosenblatt Securities reiterated a “buy” rating and issued a $28.00 target price on shares of IMAX in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on shares of IMAX from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Roth Mkm increased their target price on IMAX from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wedbush upped their price target on shares of IMAX from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Finally, StockNews.com lowered shares of IMAX from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.22.

IMAX Price Performance

IMAX opened at $25.19 on Monday. The company has a fifty day moving average price of $21.77 and a 200-day moving average price of $19.52. The firm has a market capitalization of $1.33 billion, a P/E ratio of 57.25, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22. IMAX has a one year low of $13.20 and a one year high of $25.51.

Institutional Trading of IMAX

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank bought a new position in shares of IMAX in the third quarter worth about $34,000. Headlands Technologies LLC bought a new position in shares of IMAX during the 2nd quarter valued at about $35,000. Quarry LP raised its holdings in shares of IMAX by 78,333.3% during the 3rd quarter. Quarry LP now owns 2,353 shares of the company’s stock worth $48,000 after acquiring an additional 2,350 shares in the last quarter. nVerses Capital LLC bought a new position in shares of IMAX during the 3rd quarter valued at approximately $70,000. Finally, Summit Securities Group LLC purchased a new position in shares of IMAX in the second quarter valued at $80,000. Hedge funds and other institutional investors own 93.51% of the company’s stock.

About IMAX

IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events worldwide. The company operates in two segments, Content Solutions and Technology Products and Services. The company offers IMAX DMR, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced that provides end-to-end technology across streaming content and entertainment devices at home; and SSIMWAVE, an AI-driven video quality solutions for media and entertainment companies.