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AMC Entertainment (AMC) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
·2-min read

In the latest trading session, AMC Entertainment (AMC) closed at $6.97, marking a -1.83% move from the previous day. This change lagged the S&P 500's 1.51% loss on the day. Elsewhere, the Dow lost 1.71%, while the tech-heavy Nasdaq lost 0.02%.

Heading into today, shares of the movie theater operator had lost 17.25% over the past month, lagging the Consumer Discretionary sector's loss of 11.94% and the S&P 500's loss of 9.52% in that time.

Wall Street will be looking for positivity from AMC Entertainment as it approaches its next earnings report date. In that report, analysts expect AMC Entertainment to post earnings of -$0.25 per share. This would mark year-over-year growth of 43.18%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.02 billion, up 34.26% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.39 per share and revenue of $4.28 billion. These totals would mark changes of +44.4% and +69.16%, respectively, from last year.

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It is also important to note the recent changes to analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMC Entertainment currently has a Zacks Rank of #3 (Hold).

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 39% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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Zacks Investment Research