IMAX IMAX Corporation

Earnings

Typical surprise +34.1% (median, so one quarter with a near-zero estimate can't distort it)

• Thu, Jul 23$0.43 vs $0.30beat
• Thu, Apr 30$0.17 vs $0.15beat
• Wed, Feb 25$0.58 vs $0.43beat
• Thu, Oct 23$0.47 vs $0.35beat
• Thu, Jul 24$0.26 vs $0.19beat
• Wed, Apr 23$0.13 vs $0.11beat

Estimates and results for IMAX via Financial Modeling Prep. Beating consensus says the company cleared the bar analysts set, not that the business grew.

Insider trading

Open-market buys and sells by IMAX officers and directors.

Bought

—

0 trades

Sold

$36.8m

15 trades

• Zlatar Jose Aleksandrsold
  SVP, Controller & PAO·500 @ $49.90·$25k·Aug 6, 2026·filing
• Gelfond Richard Lsold
  director, officer: Chief Executive Officer·8,943 @ $37.33·$334k·Apr 27, 2026·filing
• Gelfond Richard Lsold
  director, officer: Chief Executive Officer·34,182 @ $37.06·$1.3m·Apr 17, 2026·filing
• Gelfond Richard Lsold
  director, officer: Chief Executive Officer·41,737 @ $37.05·$1.5m·Apr 16, 2026·filing
• Gelfond Richard Lsold
  director, officer: Chief Executive Officer·15,746 @ $37.07·$584k·Apr 15, 2026·filing
• Gelfond Richard Lsold
  director, officer: Chief Executive Officer·6,924 @ $37.07·$257k·Apr 14, 2026·filing
• Gelfond Richard Lsold
  director, officer: Chief Executive Officer·97,462 @ $37.15·$3.6m·Apr 13, 2026·filing
• Gelfond Richard Lsold
  director, officer: Chief Executive Officer·135,046 @ $37.82·$5.1m·Apr 10, 2026·filing

85 further Form 4 entries are share awards, option exercises or shares withheld for tax. Those are compensation, not trades, so they are excluded above. Buying is the stronger signal: an insider spends their own money for one reason. Selling has many innocent explanations — tax, diversifying, a house — so it says far less than it appears to. Via SEC filings.

Valuation

Project earnings forward and see what return today's price implies.

EPS was negative in at least one boundary year, so a compound growth rate can't be computed from it. Set your own assumption.

EPS in 5 years

$0.96

Implied price

$54.46

Return from $52.30

0.8% a year

To earn 15.0% a year on these assumptions you'd need to buy at $27.08 — -48.2% below today's price.

How sensitive is that answer?

Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.

This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.