In the latest trading session, AMC Entertainment (AMC) closed at $2.90, marking a +1.75% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.07%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.03%.
Shares of the movie theater operator witnessed a loss of 14.93% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 5.29%, and the S&P 500's gain of 3.94%.
The investment community will be paying close attention to the earnings performance of AMC Entertainment in its upcoming release. In that report, analysts expect AMC Entertainment to post earnings of -$0.07 per share. This would mark year-over-year growth of 83.72%. Alongside, our most recent consensus estimate is anticipating revenue of $1.31 billion, indicating a 27.21% upward movement from the same quarter last year.
AMC's full-year Zacks Consensus Estimates are calling for earnings of -$0.6 per share and revenue of $4.95 billion. These results would represent year-over-year changes of +53.13% and +6.76%, respectively.
Any recent changes to analyst estimates for AMC Entertainment should also be noted by investors. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. AMC Entertainment presently features a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 28% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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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