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AMC Entertainment (AMC) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·2-min read

AMC Entertainment (AMC) closed at $12.50 in the latest trading session, marking a -0.24% move from the prior day. This change lagged the S&P 500's daily gain of 2.45%. Meanwhile, the Dow gained 2.15%, and the Nasdaq, a tech-heavy index, added 0.4%.

Coming into today, shares of the movie theater operator had gained 8.2% in the past month. In that same time, the Consumer Discretionary sector lost 7.23%, while the S&P 500 lost 5.71%.

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 -$0.22 per share. This would mark year-over-year growth of 69.01%. Meanwhile, our latest consensus estimate is calling for revenue of $1.13 billion, up 153.18% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.19 per share and revenue of $4.38 billion. These totals would mark changes of +52.4% and +73.33%, respectively, from last year.

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Investors might also notice recent changes to analyst estimates for AMC Entertainment. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 is currently sporting 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 103, putting it in the top 41% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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