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AMC Entertainment (AMC) Stock Moves -0.91%: What You Should Know
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The latest trading session saw AMC Entertainment (AMC - Free Report) ending at $5.42, denoting a -0.91% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 1.39%. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq depreciated by 2.77%.
The movie theater operator's stock has climbed by 12.55% in the past month, exceeding the Consumer Discretionary sector's gain of 2.53% and the S&P 500's gain of 4.43%.
The upcoming earnings release of AMC Entertainment will be of great interest to investors. At the same time, our most recent consensus estimate is projecting a revenue of $976.63 million, reflecting a 27.54% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.84 per share and a revenue of $4.51 billion, demonstrating changes of +64.56% and -6.23%, respectively, from the preceding year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 35.48% downward. At present, AMC Entertainment boasts a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 198, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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AMC Entertainment (AMC) Stock Moves -0.91%: What You Should Know
The latest trading session saw AMC Entertainment (AMC - Free Report) ending at $5.42, denoting a -0.91% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 1.39%. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq depreciated by 2.77%.
The movie theater operator's stock has climbed by 12.55% in the past month, exceeding the Consumer Discretionary sector's gain of 2.53% and the S&P 500's gain of 4.43%.
The upcoming earnings release of AMC Entertainment will be of great interest to investors. At the same time, our most recent consensus estimate is projecting a revenue of $976.63 million, reflecting a 27.54% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.84 per share and a revenue of $4.51 billion, demonstrating changes of +64.56% and -6.23%, respectively, from the preceding year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for AMC Entertainment. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 35.48% downward. At present, AMC Entertainment boasts a Zacks Rank of #3 (Hold).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 198, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.