AMC Entertainment (AMC) ended the latest trading session at $5.18, up +0.78% from the previous day’s closing price. This stock price increase helped the S&P 500 increase 1.11% for the day. Elsewhere in the market, the Dow rose 1.64% and the tech-heavy Nasdaq gained 1.03%.
Shares of the movie theater operator have gained 7.53% over the past month, leading the Consumer Discretionary sector’s loss of 3.51% and the S&P 500’s loss of 1.16%.
Analysts and investors will be closely watching AMC Entertainment’s performance in its upcoming earnings disclosure, which is scheduled for release on August 2, 2024.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.76 per share and revenue of $4.57 billion, which would represent changes of +67.93% and -5.02%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AMC Entertainment. These recent changes tend to reflect shifts in short-term business trends. Therefore, positive changes to estimates mean that analysts are optimistic about the company’s business and profitability.
Empirical research shows that these estimate revisions are directly correlated with future stock price movements, and to capitalize on this, we have created the Zacks Rank, a proprietary model which aggregates these estimate changes and provides a functioning rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, 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 9.52% higher. AMC Entertainment currently has a Zacks Rank #2 (Buy).
The Leisure and Recreation Services industry belongs to the Consumer Discretionary sector. This industry is currently ranked #199 in the Zacks Industry Rank, putting it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst based on the average Zacks Rank of the individual companies within each sector, and our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To track AMC in the upcoming trading sessions, be sure to utilize Zacks.com.
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AMC Entertainment Holdings (AMC) : Free Stock Analysis Report
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