Expect trading to be in the $26.50 to $29.50 range until the earnings report and then to make a fresh 52-wk low as the expectations from analyst are way out of line with reality.
How can IMAX improve 400% over last quarter's actual earnings and 50% over last year when this is a down year for the movie industry?
If I was the CEO I would've sold my stock as well!!!
It must be the analyst shorting the stock because they know their call is way out of line.
Yes, you are so right.
I just "lucked up" when the stock was trading at $26.87 to $28.30 on July 11th and told everyone it would hit a 52-week low after the earnings report.
And I was so lucky when it went down to $13.70 after the earnings report...oh my gosh, a 52-week low...
And I'll be so lucky when he goes thru to another 52-week low...TODAY !
And I'll be so lucky when the earnings report comes out and misses Wall Sreet expectations by a mile again...
I AM a lucky guy !!!!
I am always surprised at the number of people who mistake luck for skill.
Just the beginning. We will see.
The question to be answered is .15-.21 for the quarter reasonable for a $14 stock.
Of course it is, especially since this is historically the 3rd weakest quarter of the year.
This is just the beginning....if you have been keeping up with my postings since July then you should not be surprised by the downturn.
Analysts are expecting a 200% increase in earnings versus last QTR....that is triple what IMAX made in the 2nd QTR...Are they crazy !!!!
Goodness ! You are missing my point.
I don't believe these numbers are any good and I haven't for the past 2 quarters, but what I think and what you think doesn't make any difference in what is going to happen to this stock price once they report !
When Wall Street analysts lock in their numbers -that is what this stock is going to be judged by..whether you agree with it or like it or not.
I suggest you go back and look a little closer at your Yahoo Finance estimates as Yahoo Finance also shows 12 analysts projecting .22/share vs .07 /share.
Let me know when you find out what their names are...
yahoo finance shows 16 analysts. Average rating went up this month. If an analyst is consistebtly wrong, then they should be ignored. I consistently doubt the accuracy of these projections. Imax reported BO of "T3" $62 million and $72 M for "HP". That is just 1 component to earnings.
I suggest finding out who these people are before you accept the SWAG estimates blindly.
Wall Street has 12 analysts following this stock. The consensus of these analysts is that IMAX will earn .22/share vs the .07/share it made last quarter. That is impossible !
THAT, my friend, is what everyone is going to look at when the earnings report comes out. If IMAX misses on that .22 then you will see it go under $10 a share in a hurry.
These same analysts have been over-expecting for the last 2 quarters by some 65%...now you know why your stock is in the tank and fixing to go much lower.