The theater company AMC Entertainment (NYSE: AMC) will bring in profits tomorrow after the closing of the market. Here is what to look for.
AMC Entertainment beat analysts’ income expectations of 0.8% in the last quarter, declaring revenues of $ 1.35 billion, down 4.1% over a year. It was a solid district for the company, with a solid rhythm of the EBC BPA estimates and a decent rhythm of the EBITDA EBITDA estimates.
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This quarter, analysts expect AMC Entertainment revenues to increase by 16.4% over a year to $ 1.29 billion, improving compared to the 11.5% increase it recorded in the same quarter last year. The adjusted loss should reach – $ 0.16 per share.
Analysts covering the company have generally reconfirmed their estimates in the last 30 days, suggesting that they anticipate that the company remains during income. AMC Entertainment has missed estimates of Wall Street’s income three times in the past two years.
Looking at the peers of AMC Entertainment in the discretionary segment of consumers, some have already reported their fourth quarter results, giving us an indication of what we can expect. Live Nation revenues decreased by 2.7%by one year, beating the expectations of analysts by 1.4%, and Marcus and Millichap declared income up 44.4%, exceeding estimates of 20.2%. Live Nation dropped 1.9% as a result of the results while Marcus & Millichap increased by 5.4%.
Read our complete analysis of Live Nation’s results here And Marcus & Millichap’s results here.
Actions generally had a good 2024. The Fed fought high inflation and won without sending the economy in a recession, otherwise known with a smooth landing. The American central bank now reduces rates. This, in addition to the election of Donald Trump in November 2024, sent even higher markets, and although some of the discretionary consumption actions have shown solid performance, the group has generally underperformed, with equity prices of 2.4% on average in the last month. AMC Entertainment is up 5.5% in the same time and heads for profit with an average analyst course target of $ 3.54 (compared to the current share of the $ 3.45).
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