AMC Entertainment (AMC) closed the most recent trading day at $1.87, moving -1.06% from the previous trading session. The stock’s performance was behind the S&P 500’s daily loss of 0.79%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 1.55%.
Coming into today, shares of the movie theater operator had lost 19.23% in the past month. In that same time, the Consumer Discretionary sector gained 0.62%, while the S&P 500 gained 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of AMC Entertainment in its upcoming earnings disclosure. Alongside, our most recent consensus estimate is anticipating revenue of $1.45 billion, indicating a 3.73% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.23 per share and revenue of $5.39 billion. These totals would mark changes of +76.04% and +11.1%, 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 a result, upbeat changes in estimates indicate analysts’ favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we’ve established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Within the past 30 days, our consensus EPS projection has moved 9.88% higher. As of now, AMC Entertainment holds a Zacks Rank of #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% 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.
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 Report
This article originally published on Zacks Investment Research (zacks.com).
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source sg.finance.yahoo.com ’
