In the latest close session, AMC Entertainment (AMC) was down 4.61% at $1.45. This change lagged the S&P 500's 0.01% gain on the day. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.44%.
Shares of the movie theater operator witnessed a loss of 31.22% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 0.47%, and the S&P 500's gain of 0.86%.
The upcoming earnings release of AMC Entertainment will be of great interest to investors. The company is predicted to post an EPS of -$0.06, indicating a 66.67% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.39 billion, indicating a 6.23% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.15 per share and revenue of $4.95 billion. These totals would mark changes of +10.16% and 0%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. AMC Entertainment is currently a Zacks Rank #4 (Sell).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 75, positioning it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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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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