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AMC Entertainment (AMC) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest close session, AMC Entertainment (AMC - Free Report) was down 4.31% at $3.11. This change lagged the S&P 500's 0.02% gain on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, added 0.33%.
The movie theater operator's stock has climbed by 5.86% in the past month, exceeding the Consumer Discretionary sector's gain of 2.32% and the S&P 500's gain of 4.93%.
Investors will be eagerly watching for the performance of AMC Entertainment in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.02, marking a 95.35% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.36 billion, up 31.81% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.57 per share and a revenue of $4.93 billion, indicating changes of +55.47% and +6.23%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has shifted 2.53% upward. At present, AMC Entertainment boasts a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 30% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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AMC Entertainment (AMC) Stock Drops Despite Market Gains: Important Facts to Note
In the latest close session, AMC Entertainment (AMC - Free Report) was down 4.31% at $3.11. This change lagged the S&P 500's 0.02% gain on the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, added 0.33%.
The movie theater operator's stock has climbed by 5.86% in the past month, exceeding the Consumer Discretionary sector's gain of 2.32% and the S&P 500's gain of 4.93%.
Investors will be eagerly watching for the performance of AMC Entertainment in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.02, marking a 95.35% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.36 billion, up 31.81% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.57 per share and a revenue of $4.93 billion, indicating changes of +55.47% and +6.23%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has shifted 2.53% upward. At present, AMC Entertainment boasts a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 30% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.