In the latest close session, AMC Entertainment (AMC) was down 3.37% at $2.87. This move lagged the S&P 500’s daily loss of 0.76%. Elsewhere, the Dow saw a downswing of 0.68%, while the tech-heavy Nasdaq depreciated by 1.13%.
The stock of movie theater operator has risen by 12.07% in the past month, leading the Consumer Discretionary sector’s loss of 7.55% and the S&P 500’s gain of 1.26%.
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 -$0.01, reflecting a 95.24% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.45 billion, showing a 11.68% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.22 per share and revenue of $5.55 billion, which would represent changes of +77.08% and +14.56%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts’ confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a
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. The Zacks Consensus EPS estimate remained stagnant within the past month. AMC Entertainment currently has a Zacks Rank of #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 26% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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