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Wall Street analysts forecast that AMC Entertainment (AMC) will report quarterly loss of -$0.20 per share in its upcoming release, pointing to a year-over-year decline of 11.1%. It is anticipated that revenues will amount to $1.28 billion, exhibiting a decrease of 1.9% compared to the year-ago quarter.<\/p>\n
The current level reflects a downward revision of 10% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.<\/p>\n
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.<\/p>\n
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company’s quarterly performance, scrutinizing analysts’ projections for some of the company’s key metrics can offer a more comprehensive perspective.<\/p>\n
That said, let’s delve into the average estimates of some AMC Entertainment metrics that Wall Street analysts commonly model and monitor.<\/p>\n
The consensus among analysts is that ‘Revenues- Food and beverage’ will reach $428.73 million. The estimate suggests a change of -3.9% year over year.<\/p>\n
Analysts forecast ‘Revenues- Other theatre’ to reach $136.63 million. The estimate suggests a change of -1.6% year over year.<\/p>\n
The collective assessment of analysts points to an estimated ‘Revenues- Admissions’ of $706.53 million. The estimate suggests a change of -2.1% year over year.<\/p>\n
View all Key Company Metrics for AMC Entertainment here>>><\/p>\n
AMC Entertainment shares have witnessed a change of -23% in the past month, in contrast to the Zacks S&P 500 composite’s -0.8% move. With a Zacks Rank #3 (Hold), AMC is expected closely follow the overall market performance in the near term. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>> .<\/p>\n
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<\/a><\/p>\n AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report<\/a><\/p>\n This article originally published on Zacks Investment Research (zacks.com).<\/a><\/p>\n