Cinemark Holdings, Inc. CNK is slated to release first-quarter 2016 results on May 9, before the market opens.Last quarter, Cinemark delivered a positive earnings surprise of 6.38%. Moreover, the company’s earnings have surpassed the Zacks Consensus Estimate in two of the past four quarters, with an average beat of 0.15%. Let’s see how things are shaping up for this announcement.Why a Likely Positive Surprise?Our proven model shows that Cinemark is likely to beat the Zacks Consensus Estimate this quarter because it has the right combination of two key ingredients.Zacks ESP: Cinemark has an Earnings ESP of +2.13%. This is because the Most Accurate estimate stands at a loss of 8 cents, while the Zacks Consensus Estimate is pegged at a loss of 9 cents. This is meaningful and a leading indicator of a likely positive earnings surprise.Zacks Rank: Cinemark has a Zacks Rank #2 (Buy). Note that stocks with a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) have a significantly higher chance of beating earnings estimates. Conversely, Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.The combination of Cinemark’s Zacks Rank #2 and +2.13% ESP makes us reasonably confident of a better-than-expected bottom line at the company.What is Driving the Better-than-Expected Earnings?Of late, Cinemark has been recently opening and renovating theatres with state-of-the-art amenities. It has recently announced the inauguration of 12 screen theatres in Michigan with the NextGen cinema design concept, Luxury Lounger electric recliners in all auditoriums, and a Cinema Café. Addition of such special features helps to rake in ancillary revenues from movie goers through beverages and foods.However, theater chains are constantly facing increasing threat from alternative movie streaming services such as Netflix Inc. NFLX, and Time Warner’s TWX HBO Now and Hulu. While theater chains still remain the preferred choice for film studios, the recent trend of movie watchers opting for streaming services are making film studios seek better terms in box office revenues with large-screen theater companies.Another Stock to ConsiderHere is another company you may want to consider as our model shows that it also has the right combination of elements to post an earnings beat this quarter:The Madison Square Garden Company MSG with an Earnings ESP of +10.20% and a Zacks Rank #3.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TIME WARNER INC (TWX): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report MADISON SQUAR-A (MSG): Free Stock Analysis Report CINEMARK HLDGS (CNK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research