AMC Entertainment’s stock recently closed at $3.11, down 0.96% from the previous day. This drop is worse than the S&P 500, which fell 0.51%. Other major indexes, like the Dow and Nasdaq, also took a hit, losing 0.75% and 0.28%, respectively.
Over the past month, AMC’s shares have dropped by nearly 22%. In comparison, the Consumer Discretionary sector increased by 4.16% and the S&P 500 rose by 2.87%. This trend raises questions about AMC’s performance and market position.
Investors are now looking ahead to AMC’s upcoming earnings report. Analysts expect the company to share an earnings per share (EPS) of -$0.19. This figure shows a significant improvement of about 65% compared to last year. Revenue predictions stand at $1.27 billion, marking a 15% increase from the same quarter last year.
Keeping track of recent changes in analyst estimates is important for investors. These updates can indicate shifts in a company’s financial health and profitability. Positive revisions often suggest that analysts are feeling optimistic about AMC’s prospects.
Research shows that these estimate changes can directly impact share prices. To navigate this, investors can use the Zacks Rank system, which evaluates these adjustments and offers ratings from #1 (Strong Buy) to #5 (Strong Sell). Stocks rated #1 have historically performed well, averaging a 25% annual return since 1988. Currently, AMC holds a Zacks Rank of #2 (Buy).
AMC is part of the Leisure and Recreation Services industry, which falls under the Consumer Discretionary sector. This industry has a Zacks Industry Rank of 61, placing it in the top 25% of over 250 tracked industries. The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of stocks within these groups.
Historically, industries ranked in the top half tend to outperform those in the bottom half by a factor of 2 to 1. Staying updated on these metrics can help investors make informed decisions in the coming trading sessions.
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AMC Entertainment, Zacks Rank, S&P 500, estimate revisions
