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AMC Entertainment (AMC) Dips More Than Broader Markets: What You Should Know
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AMC Entertainment (AMC - Free Report) closed at $47.40 in the latest trading session, marking a -0.9% move from the prior day. This change lagged the S&P 500's daily loss of 0.13%.
Prior to today's trading, shares of the movie theater operator had gained 50.65% over the past month. This has outpaced the Consumer Discretionary sector's gain of 2.61% and the S&P 500's gain of 2.07% 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 -$0.48, up 91.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $768.8 million, up 543.35% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.75 per share and revenue of $2.49 billion, which would represent changes of +82.97% and +100.65%, respectively, from the prior year.
Any recent changes to analyst estimates for AMC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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. Within the past 30 days, our consensus EPS projection has moved 12.99% higher. 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 182, putting it in the bottom 29% 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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AMC Entertainment (AMC) Dips More Than Broader Markets: What You Should Know
AMC Entertainment (AMC - Free Report) closed at $47.40 in the latest trading session, marking a -0.9% move from the prior day. This change lagged the S&P 500's daily loss of 0.13%.
Prior to today's trading, shares of the movie theater operator had gained 50.65% over the past month. This has outpaced the Consumer Discretionary sector's gain of 2.61% and the S&P 500's gain of 2.07% 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 -$0.48, up 91.58% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $768.8 million, up 543.35% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.75 per share and revenue of $2.49 billion, which would represent changes of +82.97% and +100.65%, respectively, from the prior year.
Any recent changes to analyst estimates for AMC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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. Within the past 30 days, our consensus EPS projection has moved 12.99% higher. 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 182, putting it in the bottom 29% 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.