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AMC Entertainment (AMC) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research
·2 min read

AMC Entertainment (AMC) closed the most recent trading day at $18.07, moving -1.36% from the previous trading session. This move lagged the S&P 500's daily loss of 1.1%. Meanwhile, the Dow lost 0.89%, and the Nasdaq, a tech-heavy index, added 0.03%.

Heading into today, shares of the movie theater operator had lost 36.12% over the past month, lagging the Consumer Discretionary sector's loss of 3.57% and the S&P 500's loss of 1.81% in that time.

Wall Street will be looking for positivity from AMC Entertainment as it approaches its next earnings report date. In that report, analysts expect AMC Entertainment to post earnings of -$0.17 per share. This would mark year-over-year growth of 94.6%. Our most recent consensus estimate is calling for quarterly revenue of $1.16 billion, up 611.43% from the year-ago period.

It is also important to note the recent changes to analyst estimates for AMC Entertainment. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 3.27% lower. AMC Entertainment currently has a Zacks Rank of #4 (Sell).

The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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Zacks Investment Research