AMC Entertainment (AMC) closed at $1.56 in the latest trading session, marking a -3.11% move from the prior day. This change lagged the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.76%.
Prior to today's trading, shares of the movie theater operator had lost 30% lagged the Consumer Discretionary sector's gain of 0.56% and the S&P 500's gain of 0.79%.
Market participants will be closely following the financial results of AMC Entertainment in its upcoming release. The company is predicted to post an EPS of -$0.06, indicating a 66.67% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.39 billion, up 6.23% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.15 per share and a revenue of $4.95 billion, signifying shifts of +10.16% and +6.71%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 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 industry currently has a Zacks Industry Rank of 103, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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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