In the latest close session, AMC Entertainment (AMC) was down 5.23% at $2.90. The stock's change was less than the S&P 500's daily gain of 0.37%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq increased by 0.71%.
The stock of movie theater operator has risen by 11.27% in the past month, leading the Consumer Discretionary sector's loss of 1.64% and the S&P 500's gain of 4.26%.
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 -$0.19, reflecting a 375% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.22 billion, showing a 9.74% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.66 per share and a revenue of $4.91 billion, representing changes of +48.44% and +5.8%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, AMC Entertainment is carrying a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 75, this industry ranks in the top 31% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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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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