AMC Entertainment (AMC) closed at $3.45 in the latest trading session, marking a -2.54% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
The movie theater operator's stock has climbed by 17.61% in the past month, exceeding the Consumer Discretionary sector's gain of 5.02% and the S&P 500's gain of 5.35%.
The investment community will be paying close attention to the earnings performance of AMC Entertainment in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.04, reflecting a 90.7% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.34 billion, up 30.45% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.55 per share and a revenue of $4.95 billion, representing changes of +57.03% and +6.7%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.05% higher. AMC Entertainment currently has a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 149, placing it within the bottom 40% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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
AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
