AMC Entertainment (AMC) closed at $1.28 in the latest trading session, marking a +1.59% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a tech-heavy index, added 0.1%.
Shares of the movie theater operator have appreciated by 11.5% over the course of the past month, outperforming the Consumer Discretionary sector’s loss of 5%, and the S&P 500’s loss of 1.74%.
The upcoming earnings release of AMC Entertainment will be of great interest to investors. The company is expected to report EPS of -$0.36, up 37.93% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $960.48 million, indicating a 11.36% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.42 per share and revenue of $5.24 billion, indicating changes of +56.25% and +8.12%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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 viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. At present, AMC Entertainment boasts 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 98, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source finance.yahoo.com ’
