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Unveiling AMC Entertainment (AMC) Q3 Outlook: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that AMC Entertainment (AMC - Free Report) will announce quarterly earnings of $0.11 per share in its forthcoming report, representing an increase of 152.4% year over year. Revenues are projected to reach $1.66 billion, increasing 27.5% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 73.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some AMC Entertainment metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenues- Food and beverage' should arrive at $554.45 million. The estimate suggests a change of +22.7% year over year.
The average prediction of analysts places 'Revenues- Other theatre' at $160.40 million. The estimate suggests a change of +20.3% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Admissions' of $892.15 million. The estimate indicates a change of +24.8% from the prior-year quarter.
It is projected by analysts that the 'Total Attendance - U.S.' will reach 47.02 million. Compared to the present estimate, the company reported 42.28 million in the same quarter last year.
Analysts' assessment points toward 'Total Attendance - International' reaching 18.59 million. Compared to the present estimate, the company reported 16.10 million in the same quarter last year.
Analysts predict that the 'Total Attendance' will reach 65.65 million. The estimate compares to the year-ago value of 58.38 million.
The consensus among analysts is that 'Average ticket price - International' will reach $11.23 . Compared to the present estimate, the company reported $10.64 in the same quarter last year.
The combined assessment of analysts suggests that 'Food & beverage revenue per patron - International' will likely reach $5.63 . The estimate is in contrast to the year-ago figure of $5.61 .
According to the collective judgment of analysts, 'Average ticket price - U.S' should come in at $13.63 . The estimate is in contrast to the year-ago figure of $12.86 .
Analysts forecast 'Food & beverage revenue per patron - U.S' to reach $8.87 . The estimate compares to the year-ago value of $8.55 .
AMC Entertainment shares have witnessed a change of +11.6% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #2 (Buy), AMC is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling AMC Entertainment (AMC) Q3 Outlook: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that AMC Entertainment (AMC - Free Report) will announce quarterly earnings of $0.11 per share in its forthcoming report, representing an increase of 152.4% year over year. Revenues are projected to reach $1.66 billion, increasing 27.5% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 73.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some AMC Entertainment metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenues- Food and beverage' should arrive at $554.45 million. The estimate suggests a change of +22.7% year over year.
The average prediction of analysts places 'Revenues- Other theatre' at $160.40 million. The estimate suggests a change of +20.3% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Admissions' of $892.15 million. The estimate indicates a change of +24.8% from the prior-year quarter.
It is projected by analysts that the 'Total Attendance - U.S.' will reach 47.02 million. Compared to the present estimate, the company reported 42.28 million in the same quarter last year.
Analysts' assessment points toward 'Total Attendance - International' reaching 18.59 million. Compared to the present estimate, the company reported 16.10 million in the same quarter last year.
Analysts predict that the 'Total Attendance' will reach 65.65 million. The estimate compares to the year-ago value of 58.38 million.
The consensus among analysts is that 'Average ticket price - International' will reach $11.23 . Compared to the present estimate, the company reported $10.64 in the same quarter last year.
The combined assessment of analysts suggests that 'Food & beverage revenue per patron - International' will likely reach $5.63 . The estimate is in contrast to the year-ago figure of $5.61 .
According to the collective judgment of analysts, 'Average ticket price - U.S' should come in at $13.63 . The estimate is in contrast to the year-ago figure of $12.86 .
Analysts forecast 'Food & beverage revenue per patron - U.S' to reach $8.87 . The estimate compares to the year-ago value of $8.55 .
View all Key Company Metrics for AMC Entertainment here>>>AMC Entertainment shares have witnessed a change of +11.6% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #2 (Buy), AMC is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .