AMC Entertainment Holdings Inc. (AMC - Free Report) operates as a theatrical exhibition company primarily in the U.S. and internationally. It owned or interests in theatres and screens.
AMC Entertainment has been investing a great deal in renovating and refurbishing its multiplexes through enhancements like reclining seats, improved foods and beverages, dine-in theaters, and advanced sound and digital equipment to draw viewers.
Also, the company recently signed an agreement to buy theater chain, Carmike Cinemas Inc. in a cash-and-debt deal valued at about $1.1 billion. The acquisition of the suburban and rural-focused company will allow AMC Entertainment to geographically diversify its operations and drive business expansion.
AMC Entertainment currently carries a Zacks Rank #5 (Strong Sell). The company has generated a positive average earnings surprise of a meagre 0.60% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AMC Entertainment posted weaker-than-expected earnings in the second quarter. Our consensus adjusted earnings per share estimate was 29 cents while the company reported adjusted earnings per share of 24 cents. Investors should note that these figures take out stock option expenses.
Revenue: AMC Entertainment generated total revenue of nearly $764 million, which lagged the Zacks Consensus Estimate by approximately $11 million.
Key Stats to Note: During the second quarter of 2016, Average ticket price was $9.63 compared with $9.91 for the same quarter a year ago. Food and beverage revenues per patron increased 4.7% to an all-time high record of $4.87.
Check back later for our full write up on this AMC Entertainment Holdings earnings report later!
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AMC Entertainment Holdings Inc. (AMC - Free Report) operates as a theatrical exhibition company primarily in the U.S. and internationally. It owned or interests in theatres and screens.
AMC Entertainment has been investing a great deal in renovating and refurbishing its multiplexes through enhancements like reclining seats, improved foods and beverages, dine-in theaters, and advanced sound and digital equipment to draw viewers.
Also, the company recently signed an agreement to buy theater chain, Carmike Cinemas Inc. in a cash-and-debt deal valued at about $1.1 billion. The acquisition of the suburban and rural-focused company will allow AMC Entertainment to geographically diversify its operations and drive business expansion.
AMC Entertainment currently carries a Zacks Rank #5 (Strong Sell). The company has generated a positive average earnings surprise of a meagre 0.60% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AMC Entertainment posted weaker-than-expected earnings in the second quarter. Our consensus adjusted earnings per share estimate was 29 cents while the company reported adjusted earnings per share of 24 cents. Investors should note that these figures take out stock option expenses.
Revenue: AMC Entertainment generated total revenue of nearly $764 million, which lagged the Zacks Consensus Estimate by approximately $11 million.
Key Stats to Note: During the second quarter of 2016, Average ticket price was $9.63 compared with $9.91 for the same quarter a year ago. Food and beverage revenues per patron increased 4.7% to an all-time high record of $4.87.
Check back later for our full write up on this AMC Entertainment Holdings earnings report later!
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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