- Exhibitor stocks are under pressure after two separate analysts lowered their projections for the 2016 U.S. box office.
- Stifel Nicolaus analyst Benjamin Mogil dropped his estimate to -5% growth from a prior forecast for a 3% increase.
- MKM Partners' Eric Handler sees a +0.1% gain after previously tipping 2% growth.
- Perhaps an important distinction, part of the reason for the revised comparison is the strong performance of movies in December (led by Star Wars: The Force Awakens) which makes the year-over-year comparison tougher.
- Cinemark Holdings (CNK -5.4%), Regal Entertainment (RGC -6%), Marcus Corp (MCS -4.6%), AMC Entertainment (AMC -3.7%), and Carmike Cinemas (CKEC -2.4%) are all lower on the day.