AMC Entertainment (AMC) Stock Falls Despite Market Gains: Key Facts to Consider

At the last market close, AMC Entertainment (AMC) reached $4.17, representing a move of -0.48% from the previous day. The stock underperformed the S&P 500, which posted a daily gain of 0.61%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq gained 0.33%.

Shares of the movie theater operator declined 14.49% over the past month, underperforming the Consumer Discretionary sector’s gain of 2.91% and the S&P 500’s gain of 5.36%.

Investors will be paying close attention to AMC Entertainment’s performance in its upcoming earnings release. In this report, analysts expect AMC Entertainment to report earnings of -$0.06 per share. This would represent a year-on-year growth of 33.33%. Meanwhile, our current consensus estimate is calling for revenue of $1.31 billion, down 6.91% from the corresponding quarter last year.

For the full-year period, the Zacks Consensus Estimates are projecting earnings of -$0.83 per share and revenue of $4.61 billion, representing a shift of +64.98% and -4.24%, respectively, from the quarter corresponds to last year.

Investors should also pay attention to any recent changes to analyst estimates for AMC Entertainment. These recent adjustments often reflect the changing dynamics of short-term business patterns. As a result, optimistic estimate changes suggest analysts have a positive outlook on the company’s business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we have developed the Zacks Rank, a unique model which takes these estimate changes into account and provides a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988 achieved. Over the past month, the Zacks Consensus EPS estimate has moved 1.29% higher. Currently, AMC Entertainment has a Zacks Rank of #2 (Buy).

The leisure and recreation services industry is part of the consumer discretionary sector. This industry currently has a Zacks Industry Rank of 77, putting it in the top 31% of all 250+ industries.

The Zacks Industry Rank evaluates the strength of our individual industry groups by determining the average Zacks Rank of the individual stocks that make up the groups. Our research shows that the top rated 50% of industries outperform the bottom half by a factor of 2 to 1.

Remember to rely on Zacks.com to monitor all of these stock-influencing metrics and more in subsequent trading sessions.

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