In the last trading session, AMC Entertainment (AMC) closed at $4.02, up +1.01% from the previous day. The move topped the S&P 500’s 0.22% daily loss. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.16%.
Shares of the movie theater operator have depreciated 18.94% over the past month, underperforming the Consumer Discretionary sector’s 2.99% loss and the S&P 500’s 2.36% loss.
Investors will be eagerly watching AMC Entertainment’s performance when it next releases its earnings. The company is expected to post an EPS of -$0.19, which indicates a growth of 64.81% compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate calls for revenue to come in at $1.27 billion, an increase of 15.28% from the same quarter a year ago.
Investors should also pay attention to any latest changes in analyst estimates for AMC Entertainment. Recent revisions tend to reflect the latest short-term trading trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term stock price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and provides a clear, actionable scoring model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, third-party audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.24% higher. AMC Entertainment currently sports a Zacks Rank of #3 (Hold).
The leisure and leisure services industry is part of the consumer discretionary sector. Currently, this industry holds a Zacks Rank of 35, putting it in the top 14% of 250+ industries.
The Zacks Industry Rank gauges the strength of our specific industry groups by calculating the average Zacks Rank of the individual stocks incorporated within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to apply Zacks.com to follow these and other stock action metrics in the coming trading sessions.
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AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report