AMC Entertainment Holdings, Inc. (AMC Quick QuoteAMC - Free Report) shares ended the last trading session 95.2% higher at $62.55. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 241.2% gain over the past four weeks.

Shares of AMC Entertainment jumped after the company announced a program called AMC Investor Connect that will reward small-time investors with goodies such as special screenings, free tickets and free popcorn. Also, it has recently announced that it has raised more than $230 million capital by way of selling 8.5 million shares.

Price and Consensus

This movie theater operator is expected to post quarterly loss of $0.94 per share in its upcoming report, which represents a year-over-year change of +82.7%. Revenues are expected to be $362.27 million, up 1816.8% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For AMC Entertainment, the consensus EPS estimate for the quarter has been revised 6.8% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on AMC going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>