In the latest close session, AMC Entertainment (AMC) was down 2.76% at $2.82. The stock's performance was behind the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.57%, and the Nasdaq, a tech-heavy index, lost 0.33%.
Prior to today's trading, shares of the movie theater operator had gained 1.4% outpaced the Consumer Discretionary sector's gain of 1.05% and lagged the S&P 500's gain of 2.57%.
The investment community will be paying close attention to the earnings performance of AMC Entertainment in its upcoming release. The company is predicted to post an EPS of -$0.19, indicating a 375% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.22 billion, down 9.74% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.66 per share and a revenue of $4.91 billion, indicating changes of +48.44% and +5.8%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, AMC Entertainment is carrying 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 103, putting it in the top 42% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on 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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