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AMC Entertainment (AMC) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, AMC Entertainment (AMC - Free Report) closed at $2.90, marking a -3.33% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.41%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 0.31%.
The movie theater operator's shares have seen an increase of 6.76% over the last month, surpassing the Consumer Discretionary sector's gain of 0.17% and the S&P 500's gain of 3.15%.
Investors will be eagerly watching for the performance of AMC Entertainment in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.19, showcasing a 375% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.22 billion, down 9.74% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.66 per share and revenue of $4.91 billion. These totals would mark changes of +48.44% and +5.8%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, AMC Entertainment boasts 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 77, placing it within the top 32% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AMC Entertainment (AMC) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, AMC Entertainment (AMC - Free Report) closed at $2.90, marking a -3.33% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.41%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 0.31%.
The movie theater operator's shares have seen an increase of 6.76% over the last month, surpassing the Consumer Discretionary sector's gain of 0.17% and the S&P 500's gain of 3.15%.
Investors will be eagerly watching for the performance of AMC Entertainment in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.19, showcasing a 375% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.22 billion, down 9.74% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.66 per share and revenue of $4.91 billion. These totals would mark changes of +48.44% and +5.8%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, AMC Entertainment boasts 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 77, placing it within the top 32% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.