At the last market close, AMC Entertainment (AMC) reached $4.17, with a movement of -0.48% compared to the previous day. The stock trailed the S&P 500, which posted a daily gain of 0.61%. Elsewhere, the Dow Jones gained 0.97%, while the tech-heavy Nasdaq added 0.33%.
Shares of the movie theater operator have seen a decline of 14.49% over the past month, not on par with the Consumer Discretionary sector’s gain of 2.91% and the S&P 500’s gain of 5.36%. .
Investors will be keeping an eye on AMC Entertainment’s performance in its upcoming earnings release. In that report, analysts expect AMC Entertainment to post earnings of -$0.06 per share. This would mark a year-on-year growth of 33.33%. Meanwhile, our current consensus estimate is forecasting revenue to hit $1.31 billion, indicating a decline of 6.91% compared to the corresponding quarter a year ago.
For the full-year period, Zacks Consensus Estimates are calling for earnings of -$0.83 per share and revenue of $4.61 billion, representing changes of +64.98% and -4.24%, respectively, from to last year.
Investors should also pay attention to the latest changes to analyst estimates for AMC Entertainment. These latter adjustments often reflect the changing dynamics of short-term trading patterns. As a result, optimistic estimate changes indicate analysts’ favorable outlook on the health and profitability of the company’s business.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we have created the Zacks Rank, a unique model that incorporates these estimate changes and provides a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. month , the Zacks Consensus EPS estimate has moved up 1.29%. Right now, AMC Entertainment has a Zacks Rank of #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 77, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our various industry groups by determining the average Zacks Rank of the individual stocks that make up the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Remember to rely on Zacks.com to watch for all of these stock-impacting metrics, and more, in the coming trading sessions.
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AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report
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