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AMC Entertainment (AMC) Stock Declines While Market Improves: Some Information for Investors
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AMC Entertainment (AMC - Free Report) closed at $2.87 in the latest trading session, marking a -2.88% move from the prior day. This change lagged the S&P 500's 1.56% gain on the day. Elsewhere, the Dow saw an upswing of 1.29%, while the tech-heavy Nasdaq appreciated by 2.21%.
Coming into today, shares of the movie theater operator had gained 4.98% in the past month. In that same time, the Consumer Discretionary sector lost 5.13%, while the S&P 500 gained 0.41%.
Analysts and investors alike will be keeping a close eye on the performance of AMC Entertainment in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.19, marking a 375% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.22 billion, down 9.74% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.66 per share and a revenue of $4.91 billion, representing changes of +48.44% and +5.8%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. AMC Entertainment is currently a Zacks Rank #4 (Sell).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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
AMC Entertainment (AMC - Free Report) closed at $2.87 in the latest trading session, marking a -2.88% move from the prior day. This change lagged the S&P 500's 1.56% gain on the day. Elsewhere, the Dow saw an upswing of 1.29%, while the tech-heavy Nasdaq appreciated by 2.21%.
Coming into today, shares of the movie theater operator had gained 4.98% in the past month. In that same time, the Consumer Discretionary sector lost 5.13%, while the S&P 500 gained 0.41%.
Analysts and investors alike will be keeping a close eye on the performance of AMC Entertainment in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.19, marking a 375% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.22 billion, down 9.74% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.66 per share and a revenue of $4.91 billion, representing changes of +48.44% and +5.8%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. AMC Entertainment is currently a Zacks Rank #4 (Sell).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.