Good things are expected from Regal Entertainment Group when the Knoxville-based movie
theater operator releases its fourth quarter earnings on Thursday.
Analysts are predicting earnings of 20 cents per share, double the 10 cents per share the company reported in the prior-year quarter.
Revenue is expected to be up 14.9 percent from a year ago, reversing results from the previous two quarters when revenues were down from from the year before.
For the fiscal year, analysts are looking for earnings of 89 cents per share on revenue of $2.8 billion.
Regal said it will release its earnings after the market closes at 4 p.m. on Thursday. A conference call with analysts will follow at 4:30 p.m.
Movie theater operators are at the mercy of Hollywood. If the movie makers turn out dogs, theater operators suffer. In 2012, Regal benefited from a number big hits, including The Avengers, The Dark Knight Rises, The Hunger Games, The Hobbit and The Twilight Saga.
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