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AMC Entertainment (AMC) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest trading session, AMC Entertainment (AMC - Free Report) closed at $1.74, marking a -7.94% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
Shares of the movie theater operator have appreciated by 5.59% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 2.31%, and the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of AMC Entertainment in its upcoming earnings disclosure. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.45 billion, up 3.73% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.23 per share and revenue of $5.39 billion, which would represent changes of +76.04% and +11.1%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. 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 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 9.88% rise in the Zacks Consensus EPS estimate. AMC Entertainment currently has 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 207, placing it within the bottom 16% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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AMC Entertainment (AMC) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, AMC Entertainment (AMC - Free Report) closed at $1.74, marking a -7.94% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
Shares of the movie theater operator have appreciated by 5.59% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 2.31%, and the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of AMC Entertainment in its upcoming earnings disclosure. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.45 billion, up 3.73% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.23 per share and revenue of $5.39 billion, which would represent changes of +76.04% and +11.1%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. 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 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 9.88% rise in the Zacks Consensus EPS estimate. AMC Entertainment currently has 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 207, placing it within the bottom 16% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.