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AMC Entertainment (AMC) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, AMC Entertainment (AMC - Free Report) closed at $2.77, marking a +1.09% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.07%. On the other hand, the Dow registered a gain of 1.12%, and the technology-centric Nasdaq increased by 1.37%.
Heading into today, shares of the movie theater operator had lost 8.97% over the past month, lagging the Consumer Discretionary sector's loss of 4.58% and the S&P 500's gain of 1.08%.
The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. 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. Alongside, our most recent consensus estimate is anticipating revenue of $1.23 billion, indicating a 8.7% downward movement from the same quarter last year.
AMC's full-year Zacks Consensus Estimates are calling for earnings of -$0.64 per share and revenue of $4.91 billion. These results would represent year-over-year changes of +50% and +5.96%, respectively.
Investors should also note any recent changes to analyst estimates for AMC Entertainment. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.66% higher. As of now, AMC Entertainment holds a Zacks Rank of #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 52, finds itself in the top 22% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.
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AMC Entertainment (AMC) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, AMC Entertainment (AMC - Free Report) closed at $2.77, marking a +1.09% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.07%. On the other hand, the Dow registered a gain of 1.12%, and the technology-centric Nasdaq increased by 1.37%.
Heading into today, shares of the movie theater operator had lost 8.97% over the past month, lagging the Consumer Discretionary sector's loss of 4.58% and the S&P 500's gain of 1.08%.
The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. 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. Alongside, our most recent consensus estimate is anticipating revenue of $1.23 billion, indicating a 8.7% downward movement from the same quarter last year.
AMC's full-year Zacks Consensus Estimates are calling for earnings of -$0.64 per share and revenue of $4.91 billion. These results would represent year-over-year changes of +50% and +5.96%, respectively.
Investors should also note any recent changes to analyst estimates for AMC Entertainment. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.66% higher. As of now, AMC Entertainment holds a Zacks Rank of #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 52, finds itself in the top 22% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. 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.