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AMC Entertainment (AMC) Stock Sinks As Market Gains: What You Should Know
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AMC Entertainment (AMC - Free Report) closed at $6.23 in the latest trading session, marking a -0.48% move from the prior day. This move lagged the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 5.2%.
Prior to today's trading, shares of the movie theater operator had gained 13.82% over the past month. This has outpaced the Consumer Discretionary sector's gain of 0.11% and the S&P 500's gain of 0.67% in that time.
Investors will be hoping for strength from AMC Entertainment as it approaches its next earnings release, which is expected to be February 28, 2023. The company is expected to report EPS of -$0.20, down 81.82% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 11.7% from the year-ago period.
Investors might also notice recent changes to analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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 returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.28% 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 industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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AMC Entertainment (AMC) Stock Sinks As Market Gains: What You Should Know
AMC Entertainment (AMC - Free Report) closed at $6.23 in the latest trading session, marking a -0.48% move from the prior day. This move lagged the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 5.2%.
Prior to today's trading, shares of the movie theater operator had gained 13.82% over the past month. This has outpaced the Consumer Discretionary sector's gain of 0.11% and the S&P 500's gain of 0.67% in that time.
Investors will be hoping for strength from AMC Entertainment as it approaches its next earnings release, which is expected to be February 28, 2023. The company is expected to report EPS of -$0.20, down 81.82% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 11.7% from the year-ago period.
Investors might also notice recent changes to analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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 returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.28% 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 industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.