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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 3.59% at $1.61. This move lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.36%.
Shares of the movie theater operator witnessed a gain of 63.72% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 4.83%, and the S&P 500's gain of 5.98%.
The upcoming earnings release of AMC Entertainment will be of great interest to investors. The company is forecasted to report an EPS of -$0.36, showcasing a 37.93% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $960.48 million, up 11.36% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.42 per share and a revenue of $5.24 billion, demonstrating changes of +56.25% and +8.12%, respectively, from the preceding 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 shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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, there's been no change in the Zacks Consensus EPS estimate. 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 group has a Zacks Industry Rank of 146, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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 3.59% at $1.61. This move lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.36%.
Shares of the movie theater operator witnessed a gain of 63.72% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 4.83%, and the S&P 500's gain of 5.98%.
The upcoming earnings release of AMC Entertainment will be of great interest to investors. The company is forecasted to report an EPS of -$0.36, showcasing a 37.93% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $960.48 million, up 11.36% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of -$0.42 per share and a revenue of $5.24 billion, demonstrating changes of +56.25% and +8.12%, respectively, from the preceding 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 shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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, there's been no change in the Zacks Consensus EPS estimate. 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 group has a Zacks Industry Rank of 146, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.