![]() AMC Entertainment is currently a Zacks Rank #3 (Hold). ![]() The Zacks Consensus EPS estimate has moved 35.01% higher within the past month. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Home: News: Screener: Maps: Groups: Portfolio: Insider: Futures: Forex: Crypto: Backtests: Elite. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. A 24-year-old stock trader who made over 8 million in 2 years shares the 4 indicators he uses as his guides to buy and sell. AMC - AMC Entertainment Holdings Inc - Stock screener for investors and traders, financial visualizations. AMC stock popped more than 15 as of 12:53 p.m. This, combined with an upward trend in earnings. ![]() As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. AMC CEO Adam Aron strikes an upbeat note on the company's new class of stock in an interview with Yahoo Finance Live. After losing some value lately, a hammer chart pattern has been formed for AMC Entertainment (AMC), indicating that the stock has found support. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors should also note any recent changes to analyst estimates for AMC Entertainment. These results would represent year-over-year changes of +62% and +65.55%, respectively. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $986.93 million, up 29.32% from the year-ago period.ĪMC's full-year Zacks Consensus Estimates are calling for earnings of -$0.95 per share and revenue of $4.18 billion. On that day, AMC Entertainment is projected to report earnings of -$0.27 per share, which would represent year-over-year growth of 38.64%. AMC CEO Adam Aron previously said the stock conversion was crucial to AMC having proper cash balances in 20. This has lagged the Consumer Discretionary sector's loss of 9.74% and the S&P 500's loss of 6.51% in that time.ĪMC Entertainment will be looking to display strength as it nears its next earnings release. AMC shares have been volatile over the past several months as this conversion was initially approved by shareholders in March and then halted in late July. Prior to today's trading, shares of the movie theater operator had lost 38.87% over the past month. Elsewhere, the Dow lost 1.35%, while the tech-heavy Nasdaq lost 0.24%. This move was narrower than the S&P 500's daily loss of 2.37%. "We're going to make a handsome profit from having facilitated what was in stadium concert tour, getting it converted to film, and getting it in theaters quickly.AMC Entertainment (AMC) closed at $6 in the latest trading session, marking a -0.66% move from the prior day. "For what it's worth we did very well," Aron said. AMC stock declines after Q2 earnings, theater revenue rises above 1 billion. The stock issuance moves on Thursday overshadowed what Wall Street read as an overall positive earnings report on Wednesday night as well as any potential tailwinds from the end of the SAG-AFTRA labor strike.ĪMC's $0.09 loss per share was narrower than the $0.20 loss that the Street had expected while the company's revenue came in at $1.41 billion, above estimates for $1.26 billion in revenue.Īron said on the company's earnings call that AMC wouldn't reveal the material impact from the Beyonce and Taylor Swift movies until the fourth quarter earnings call. Yahoo Finance Live anchors discuss AMC earnings and the company's new 'APE' preferred equity issuance. Video Transcript AUDIO LOGO BRIAN SOZZI: Welcome back. "AMC should now be able to raise additional equity capital," Aron wrote in a letter to investors following the court approval. AMC Entertainment (AMC) stock closes lower Friday, dropping after the movie theater chain reported lower-than-expected box office revenue for the opening of Taylor Swifts Eras Tour concert film. Yahoo Finance Live anchors discuss AMC Entertainment stock falling to a 52-week low amid debt reduction plans. ![]() AMC also executed a 10-for-1 reverse stock split at the time. In August, a Delaware court approved a merger between AMC and AMC preferred shares that made all outstanding shares AMC common stock. The stock fell about 20% in September when AMC announced it planned to sell up 40 million shares. AMC shares had already sold off earlier this year over investor fears about share dilution. ![]()
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