AMC Entertainment (AMC) closed at $2.03 in the latest trading session, marking a -6.02% move from the prior day. This change lagged the S&P 500's 1.18% gain on the day. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 2.07%.
The stock of movie theater operator has risen by 24.85% in the past month, leading the Consumer Discretionary sector's loss of 1.1% and the S&P 500's loss of 2.9%.
The investment community will be paying close attention to the earnings performance of AMC Entertainment in its upcoming release. Our most recent consensus estimate is calling for quarterly revenue of $1.45 billion, up 3.73% from the year-ago period.
AMC's full-year Zacks Consensus Estimates are calling for earnings of -$0.23 per share and revenue of $5.39 billion. These results would represent year-over-year changes of +76.04% and +11.1%, respectively.
Investors should also note any recent changes to analyst estimates for AMC Entertainment. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.88% higher within the past month. As of now, AMC Entertainment holds 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 183, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).