In the latest trading session, AMC Entertainment (AMC) closed at $3.06, marking a +2% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.02%. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 0.15%.
Heading into today, shares of the movie theater operator had gained 20% over the past month, outpacing the Consumer Discretionary sector's loss of 1.96% and the S&P 500's gain of 2.05%.
The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.01, showcasing a 95.24% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.45 billion, up 11.68% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.22 per share and revenue of $5.57 billion, which would represent changes of +77.08% and +14.82%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AMC Entertainment. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. AMC Entertainment is currently a Zacks Rank #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 88, putting it in the top 36% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).