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AMC Entertainment (AMC) Advances While Market Declines: Some Information for Investors
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AMC Entertainment (AMC - Free Report) closed the latest trading day at $9.16, indicating a +0.88% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The movie theater operator's stock has climbed by 19.16% in the past month, exceeding the Consumer Discretionary sector's loss of 5.37% and the S&P 500's loss of 3.95%.
The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. The company is scheduled to release its earnings on November 8, 2023. It is anticipated that the company will report an EPS of -$0.31, marking an 84.5% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.21 billion, showing a 24.44% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.84 per share and a revenue of $4.62 billion, representing changes of +69.46% and +18.09%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.74% upward. Right now, AMC Entertainment possesses a Zacks Rank of #1 (Strong Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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AMC Entertainment (AMC) Advances While Market Declines: Some Information for Investors
AMC Entertainment (AMC - Free Report) closed the latest trading day at $9.16, indicating a +0.88% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The movie theater operator's stock has climbed by 19.16% in the past month, exceeding the Consumer Discretionary sector's loss of 5.37% and the S&P 500's loss of 3.95%.
The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. The company is scheduled to release its earnings on November 8, 2023. It is anticipated that the company will report an EPS of -$0.31, marking an 84.5% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.21 billion, showing a 24.44% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.84 per share and a revenue of $4.62 billion, representing changes of +69.46% and +18.09%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.74% upward. Right now, AMC Entertainment possesses a Zacks Rank of #1 (Strong Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.