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AMC Entertainment (AMC) Stock Falls as Market Improves: Some Insights for Investors

AMC Entertainment (AMC) Stock Falls as Market Improves: Some Insights for Investors

 


AMC Entertainment (AMC) closed the most recent trading day at $3.39, down 0.88% from the previous trading session. The move lagged the S&P 500's 1.2% daily gain. Elsewhere, the Dow rose 0.69%, while the tech-heavy Nasdaq rose 1. 59%.

Heading into today's trading, shares of the movie theater operator had lost 16.38% over the past month. This lags the Consumer Discretionary sector's loss of 6.73% and the S&P 500's loss of 4.16% in that time.

Market participants will closely monitor AMC Entertainment's financial results in its next release. On that day, AMC Entertainment is expected to report earnings of -$0.81 per share, which would represent year-over-year growth of 37.69%. Meanwhile, our most recent consensus estimate is calling for revenue of $870 million, reflecting a decline of 8.84% from the equivalent quarter last year.

AMC's full-year Zacks Consensus Estimates are calling for earnings of -$1.63 per share and revenue of $4.51 billion. These results would represent year-over-year changes of +31.22% and -6.29%, respectively.

It's also important to note the recent changes to analyst estimates for AMC Entertainment. These revisions help show the ever-changing nature of near-term business trends. Therefore, upward estimate revisions express analysts' positivity towards the company's business operations and its ability to generate earnings.

Our research reveals that these estimate changes are directly linked to stock price performance in the near future. To take advantage of this, we have created the Zacks Rank, a unique model that incorporates these estimate changes and provides a convenient rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.0% higher. .98%. Currently, AMC Entertainment has a Zacks Rank of #3 (Hold).

The leisure and leisure services industry is part of the consumer discretionary sector. This industry currently has a Zacks Rank of 164, which puts it in the bottom 35% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our various industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

To follow AMC in upcoming trading sessions, be sure to use Zacks.com.

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AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report

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