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AMC Entertainment (AMC) Gains But Lags Market: What You Should Know
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AMC Entertainment (AMC - Free Report) closed at $20.24 in the latest trading session, marking a +0.05% move from the prior day. The stock lagged the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 0.1%.
Coming into today, shares of the movie theater operator had gained 14.42% in the past month. In that same time, the Consumer Discretionary sector lost 1.01%, while the S&P 500 gained 5.51%.
Investors will be hoping for strength from AMC Entertainment as it approaches its next earnings release. In that report, analysts expect AMC Entertainment to post earnings of -$0.42 per share. This would mark year-over-year growth of 70.42%. Our most recent consensus estimate is calling for quarterly revenue of $767.03 million, up 417.22% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.56 per share and revenue of $4.77 billion. These totals would mark changes of +77.6% and +88.59%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AMC Entertainment. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 2.31% higher within the past month. AMC Entertainment currently has 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 151, putting it in the bottom 41% 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.
To follow AMC in the coming trading sessions, be sure to utilize Zacks.com.
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AMC Entertainment (AMC) Gains But Lags Market: What You Should Know
AMC Entertainment (AMC - Free Report) closed at $20.24 in the latest trading session, marking a +0.05% move from the prior day. The stock lagged the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 0.1%.
Coming into today, shares of the movie theater operator had gained 14.42% in the past month. In that same time, the Consumer Discretionary sector lost 1.01%, while the S&P 500 gained 5.51%.
Investors will be hoping for strength from AMC Entertainment as it approaches its next earnings release. In that report, analysts expect AMC Entertainment to post earnings of -$0.42 per share. This would mark year-over-year growth of 70.42%. Our most recent consensus estimate is calling for quarterly revenue of $767.03 million, up 417.22% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.56 per share and revenue of $4.77 billion. These totals would mark changes of +77.6% and +88.59%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AMC Entertainment. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 2.31% higher within the past month. AMC Entertainment currently has 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 151, putting it in the bottom 41% 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.
To follow AMC in the coming trading sessions, be sure to utilize Zacks.com.