We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AMC Entertainment (AMC) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
AMC Entertainment (AMC - Free Report) closed at $3.45 in the latest trading session, marking a -2.54% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
The movie theater operator's stock has climbed by 17.61% in the past month, exceeding the Consumer Discretionary sector's gain of 5.02% and the S&P 500's gain of 5.35%.
The investment community will be paying close attention to the earnings performance of AMC Entertainment in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.04, reflecting a 90.7% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.34 billion, up 30.45% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.55 per share and a revenue of $4.95 billion, representing changes of +57.03% and +6.7%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.05% higher. AMC Entertainment currently has a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 149, placing it within the bottom 40% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AMC Entertainment (AMC) Stock Sinks As Market Gains: Here's Why
AMC Entertainment (AMC - Free Report) closed at $3.45 in the latest trading session, marking a -2.54% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.14%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
The movie theater operator's stock has climbed by 17.61% in the past month, exceeding the Consumer Discretionary sector's gain of 5.02% and the S&P 500's gain of 5.35%.
The investment community will be paying close attention to the earnings performance of AMC Entertainment in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.04, reflecting a 90.7% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.34 billion, up 30.45% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.55 per share and a revenue of $4.95 billion, representing changes of +57.03% and +6.7%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.05% higher. AMC Entertainment currently has a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 149, placing it within the bottom 40% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.