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AMC Entertainment (AMC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, AMC EntertainmentAMC-- (AMC) was down 4.07% at $2.36. The stock trailed the S&P 500, which registered a daily loss of 0.59%. Meanwhile, the Dow lost 0.6%, and the Nasdaq, a tech-heavy index, lost 0.65%.
The stock of movie theater operator has fallen by 2.77% in the past month, leading the Consumer Discretionary sector's loss of 5.04% and undershooting the S&P 500's loss of 1.37%.
Investors will be eagerly watching for the performance of AMCAMC-- Entertainment in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.05, marking a 76.19% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.39 billion, up 6.89% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.22 per share and a revenue of $5.49 billion, indicating changes of +77.08% and +13.27%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for AMC Entertainment. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. AMC Entertainment is currently a Zacks Rank #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 18% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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