AMC Entertainment (AMC), Cinemark (CNK), and Marcus (MCS) are expected to report higher Q3 revenue on stronger-than-expected North American box office performance, Wedbush Securities said in a note Tuesday.
The North American box office grew 28% year-over-year to $3.03 billion in Q3, the analysts said, adding that they now expect 2026 box office revenue to rise 21% to $10.5 billion, up from their previous estimate of $10.0 billion, followed by 2% growth to $10.6 billion in 2027.
"We expect the Star Wars: Starfighter, Legend of Zelda, Minecraft Movie Squared, and Frozen III to top the 2027 release slate," the analysts added.
Cinemark is expected to report Q3 results on Oct. 29 before the market opens, with revenue forecast at $1.03 billion, above the previous estimate of $925 million and current consensus of $989 million, the analysts said.
AMC is set to report results during the week of Oct. 26, with revenue forecast at $1.68 billion, above the previous estimate of $1.45 billion and consensus of $1.49 billion. Marcus is expected to report Q3 results on the morning of Oct. 29, with revenue forecast at $235 million, above the previous estimate of $223 million and consensus of $224 million, the analysts said.
Wedbush raised its price target on Cinemark to $45 from $43, and on AMC to $5 from $4. The firm reiterated its outperform rating on all three companies.
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