AMC Entertainment (AMC) closed the most recent trading day at $5.52, making no change from the previous trading session. This move lagged the S&P 500’s daily gain of 1.89%. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 10%.
Coming into today, shares of the movie theater operator had gained 12.42% in the past month. In that same time, the Consumer Discretionary sector gained 11.35%, while the S&P 500 gained 2.3%.
Investors will be hoping for strength from AMC Entertainment as it approaches its next earnings release. The company is expected to report EPS of -$0.17, down 54.55% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.13 billion, down 3.28% from the prior-year quarter.
Any recent changes to analyst estimates for AMC Entertainment should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection has moved 11.93% lower. AMC Entertainment is currently sporting a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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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AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report
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