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

IMAX Co. (NYSE:IMAX) – Analysts at Zacks Research upped their FY2024 earnings estimates for shares of IMAX in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the company will earn $0.72 per share for the year, up from their prior estimate of $0.58. The consensus estimate for IMAX’s current full-year earnings is $0.78 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, topping 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 company had revenue of $91.50 million for the quarter, compared to analysts’ expectations of $93.71 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue was down 11.9% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the stock. Roth Mkm raised their target price on shares of IMAX from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com lowered IMAX from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price objective on shares of IMAX in a research report on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and set a $28.00 target price on shares of IMAX in a research note on Thursday, October 31st. Finally, Wedbush upped their price target on shares of IMAX from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.22.

IMAX Price Performance

Shares of IMAX stock opened at $25.25 on Monday. The company has a fifty day moving average price of $21.86 and a two-hundred day moving average price of $19.59. IMAX has a one year low of $13.20 and a one year high of $25.68. The stock has a market cap of $1.33 billion, a P/E ratio of 57.39, a P/E/G ratio of 1.61 and a beta of 1.22.

Institutional Inflows and Outflows

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