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Theater company AMC Entertainment (NYSE:AMC) will be reporting earnings this Monday after market hours. Here\u2019s what to look for.<\/p>\n
AMC Entertainment missed analysts\u2019 revenue expectations by 0.7% last quarter, reporting revenues of $862.5 million, down 9.3% year on year. It was a strong quarter for the company, with a solid beat of analysts\u2019 EBITDA estimates and a decent beat of analysts\u2019 adjusted operating income estimates.<\/p>\n
Is AMC Entertainment a buy or sell going into earnings? Read our full analysis here, it\u2019s free<\/a>.<\/p>\n This quarter, analysts are expecting AMC Entertainment\u2019s revenue to grow 31.6% year on year to $1.36 billion, a reversal from the 23.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.<\/p>\n Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AMC Entertainment has missed Wall Street\u2019s revenue estimates twice over the last two years.<\/p>\n Looking at AMC Entertainment\u2019s peers in the leisure facilities segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Live Nation delivered year-on-year revenue growth of 16.3%, beating analysts\u2019 expectations by 3.4%, and Planet Fitness reported revenues up 13.3%, topping estimates by 2.5%. Live Nation\u2019s stock price was unchanged after the resultswhile Planet Fitness was down 2.9%.<\/p>\n Read our full analysis of Live Nation\u2019s results here<\/a> and Planet Fitness\u2019s results here<\/a>.<\/p>\n Investors in the leisure facilities segment have had steady hands going into earnings, with share prices flat over the last month. AMC Entertainment is down 15.3% during the same time and is heading into earnings with an average analyst price target of $3.22 (compared to the current share price of $2.82).<\/p>\n Unless you\u2019ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story<\/a>.<\/p>\n