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AMC Entertainment (AMC) Laps the Stock Market: Here's Why
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In the latest trading session, AMC Entertainment (AMC - Free Report) closed at $2.70, marking a +1.5% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.14%. Elsewhere, the Dow saw an upswing of 0.61%, while the tech-heavy Nasdaq appreciated by 1.69%.
The movie theater operator's shares have seen an increase of 5.56% over the last month, surpassing the Consumer Discretionary sector's loss of 6.17% and the S&P 500's loss of 2.85%.
The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.01, reflecting a 95.24% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.45 billion, up 11.68% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.22 per share and revenue of $5.55 billion, which would represent changes of +77.08% and +14.56%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, AMC Entertainment possesses a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 20% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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AMC Entertainment (AMC) Laps the Stock Market: Here's Why
In the latest trading session, AMC Entertainment (AMC - Free Report) closed at $2.70, marking a +1.5% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.14%. Elsewhere, the Dow saw an upswing of 0.61%, while the tech-heavy Nasdaq appreciated by 1.69%.
The movie theater operator's shares have seen an increase of 5.56% over the last month, surpassing the Consumer Discretionary sector's loss of 6.17% and the S&P 500's loss of 2.85%.
The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be -$0.01, reflecting a 95.24% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.45 billion, up 11.68% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.22 per share and revenue of $5.55 billion, which would represent changes of +77.08% and +14.56%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, AMC Entertainment possesses a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 20% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.