AMC Entertainment (AMC) ended the recent trading session at $3.29, demonstrating a -1.2% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.14%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.27%.
Heading into today, shares of the movie theater operator had gained 5.71% over the past month, outpacing the Consumer Discretionary sector's gain of 4.03% and the S&P 500's gain of 3.97%.
Market participants will be closely following the financial results of AMC Entertainment in its upcoming release. On that day, AMC Entertainment is projected to report earnings of -$0.07 per share, which would represent year-over-year growth of 83.72%. In the meantime, our current consensus estimate forecasts the revenue to be $1.31 billion, indicating a 27.21% growth compared to the corresponding quarter of the prior year.
AMC's full-year Zacks Consensus Estimates are calling for earnings of -$0.6 per share and revenue of $4.94 billion. These results would represent year-over-year changes of +53.13% and +6.46%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for AMC Entertainment. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. AMC Entertainment is currently sporting a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 86, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMC in the coming trading sessions, be sure to utilize Zacks.com.
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AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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