The 10-second takeaway
For the quarter ended Dec. 31 (Q4), IMAX beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded significantly.
Margins grew across the board.
IMAX logged revenue of $77.8 million. The 16 analysts polled by S&P Capital IQ expected sales of $73.6 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $64.2 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 $0.23. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. Non-GAAP EPS of $0.23 for Q4 were 64% higher than the prior-year quarter's $0.14 per share. GAAP EPS of $0.19 for Q4 were 111% higher than the prior-year quarter's $0.09 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 54.4%, much better than the prior-year quarter. Operating margin was 20.7%, 890 basis points better than the prior-year quarter. Net margin was 16.6%, 670 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $57.7 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $312.0 million. The average EPS estimate is $0.97.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on IMAX is outperform, with an average price target of $26.45.
Is IMAX the right retailer for your portfolio? Learn how to maximize your investment income and ""Secure Your Future With 9 Rock-Solid Dividend Stocks,"" including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add IMAX to My Watchlist.