AMC Entertainment (AMC) closed the most recent trading day at $6.64, moving -1.63% from the previous trading session. This change lagged the S&P 500’s 0.74% loss on the day. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq gained 0.15%.
Year to date, the movie theater operator’s shares have lost 9.4% over the past month, lagging Consumer Discretionary’s gain of 4.23% and the S&P 500’s gain of 4.58% over that period.
Wall Street will be looking for positives from AMC Entertainment as it approaches its next earnings report date. This is expected to be November 8, 2022. On that day, AMC Entertainment is expected to report earnings of -$0.27 per share, which would represent a year-over-year growth rate of 38.64%. Meanwhile, the Zacks Consensus Estimate for revenue forecasts net sales of $986.93 million, up 29.32% from a year ago.
AMC’s full-year Zacks Consensus Estimates call for earnings of -$0.95 per share and revenue of $4.18 billion. These results represent year-over-year changes of +62% and +65.55%, respectively.
Investors should also note any recent changes in analyst estimates for AMC Entertainment. Recent changes tend to reflect the latest business trends close to the time. Consequently, positive estimate changes reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe these estimates are directly related to team close stock moves. To take advantage of this, we developed Zacks Rank, a proprietary model that takes these estimation changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive out-audited track record of outperformance, with #1 stocks generating average annual returns of + 25% since 1988. Over the last month, the Zacks Consensus EPS estimate has moved 35.01% higher. 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 129, placing it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks Rank of 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.
You can find more information on all of these metrics, and more, at Zacks.com.
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AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report
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