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AMC Entertainment (AMC) closed the most recent trading day at $38.13, moving -1.98% from the previous trading session. This change lagged the S&P 500's 0.42% gain on the day.
Prior to today's trading, shares of the movie theater operator had lost 31.37% over the past month. This has lagged the Consumer Discretionary sector's loss of 4.21% and the S&P 500's gain of 2.64% in that time.
AMC will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.91, up 83.27% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $341.3 million, up 1705.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$3.14 per share and revenue of $2.4 billion. These totals would mark changes of +80.56% and +92.8%, respectively, from last year.
Any recent changes to analyst estimates for AMC should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 2.58% higher within the past month. AMC is currently a Zacks Rank #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report
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