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AMC Entertainment (AMC) Falls More Steeply Than Broader Market: What Investors Need to Know
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AMC Entertainment (AMC - Free Report) closed the most recent trading day at $2.96, moving -1.33% from the previous trading session. This change lagged the S&P 500's 0.55% loss on the day. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.95%.
Prior to today's trading, shares of the movie theater operator had gained 4.17% outpaced the Consumer Discretionary sector's gain of 0.06% and the S&P 500's gain of 3.64%.
Market participants will be closely following the financial results of AMC Entertainment in its upcoming release. The company is forecasted to report an EPS of -$0.19, showcasing a 375% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.22 billion, reflecting a 9.74% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.66 per share and revenue of $4.91 billion, indicating changes of +48.44% and +5.8%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 remained stagnant. AMC Entertainment is holding a Zacks Rank of #3 (Hold) right now.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 101, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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AMC Entertainment (AMC) Falls More Steeply Than Broader Market: What Investors Need to Know
AMC Entertainment (AMC - Free Report) closed the most recent trading day at $2.96, moving -1.33% from the previous trading session. This change lagged the S&P 500's 0.55% loss on the day. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.95%.
Prior to today's trading, shares of the movie theater operator had gained 4.17% outpaced the Consumer Discretionary sector's gain of 0.06% and the S&P 500's gain of 3.64%.
Market participants will be closely following the financial results of AMC Entertainment in its upcoming release. The company is forecasted to report an EPS of -$0.19, showcasing a 375% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.22 billion, reflecting a 9.74% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.66 per share and revenue of $4.91 billion, indicating changes of +48.44% and +5.8%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 remained stagnant. AMC Entertainment is holding a Zacks Rank of #3 (Hold) right now.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 101, finds itself in the top 41% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.