In the latest trading session, AMC Entertainment (AMC – Free Report) closed at $3.03, marking a -1.3% move from the previous day. This change lagged the S&P 500’s daily loss of 1.12%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 2.04%.
Heading into today, shares of the movie theater operator had lost 6.12% over the past month, lagging the Consumer Discretionary sector’s loss of 3.56% and the S&P 500’s loss of 2.91% in that time.
Market participants will be closely following the financial results of AMC Entertainment in its upcoming release. The company is predicted to post an EPS of -$0.43, indicating a 44.87% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $980.93 million, indicating a 3.1% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.66 per share and a revenue of $5.04 billion, indicating changes of +48.44% and +8.71%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts’ positivity towards the company’s business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.91% lower. As of now, AMC Entertainment holds 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 63, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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