Imax Corp reports results for the quarter ended June 30 - Earnings Summary

• Imax Corp IMAX reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of eleven analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 12 cents to 26 cents per share.

• Revenue rose 3.1% to $91.68 million from a year ago; analysts expected $91.22 million.

• Imax Corp's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $11.26 million.

• Imax Corp shares had risen by 3.8% this quarter and gained 13.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the entertainment production peer group is also "buy"

• Wall Street's median 12-month price target for Imax Corp is $32.00, about 9.3% above its last closing price of $29.03

This summary was machine generated from LSEG data July 24 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)