In the latest close session, AMC Entertainment (AMC) was down 4.15% at $3.00. This change lagged the S&P 500's 0.84% loss on the day. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq decreased by 0.91%.
Shares of the movie theater operator witnessed a gain of 6.1% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0%, and the S&P 500's gain of 1.44%.
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 -$0.07, indicating a 83.72% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.31 billion, reflecting a 27.21% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.6 per share and revenue of $4.95 billion. These totals would mark changes of +53.13% and +6.76%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, 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, the Zacks Consensus EPS estimate has remained steady. AMC Entertainment is currently a Zacks Rank #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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