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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 the most recent trading day at $5.70, moving -1.89% from the previous trading session. This change lagged the S&P 500's daily loss of 1.06%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Prior to today's trading, shares of the movie theater operator had lost 20.74% over the past month. This has lagged the Consumer Discretionary sector's gain of 7.38% and the S&P 500's gain of 4.94% in that time.
Wall Street will be looking for positivity from AMC Entertainment as it approaches its next earnings report date. This is expected to be November 8, 2022. The company is expected to report EPS of -$0.27, up 38.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $967 million, up 26.7% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.83 per share and revenue of $4.13 billion, which would represent changes of +66.8% and +63.28%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AMC Entertainment. 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 44.3% higher within the past month. AMC Entertainment is currently sporting a Zacks Rank of #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 147, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow AMC in the coming trading sessions, be sure to utilize Zacks.com.
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AMC Entertainment (AMC) Dips More Than Broader Markets: What You Should Know
AMC Entertainment (AMC - Free Report) closed the most recent trading day at $5.70, moving -1.89% from the previous trading session. This change lagged the S&P 500's daily loss of 1.06%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Prior to today's trading, shares of the movie theater operator had lost 20.74% over the past month. This has lagged the Consumer Discretionary sector's gain of 7.38% and the S&P 500's gain of 4.94% in that time.
Wall Street will be looking for positivity from AMC Entertainment as it approaches its next earnings report date. This is expected to be November 8, 2022. The company is expected to report EPS of -$0.27, up 38.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $967 million, up 26.7% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.83 per share and revenue of $4.13 billion, which would represent changes of +66.8% and +63.28%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AMC Entertainment. 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 44.3% higher within the past month. AMC Entertainment is currently sporting a Zacks Rank of #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 147, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow AMC in the coming trading sessions, be sure to utilize Zacks.com.