This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Such recent modifications usually signify the changing landscape of near-term business trends. Meanwhile, our latest consensus estimate is calling for revenue of $1.18 billion, up 22.16% from the prior-year quarter.įor the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$3.04 per share and a revenue of $4.6 billion, representing changes of +67.31% and +17.52%, respectively, from the prior year.įurthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for AMC Entertainment. The company is forecasted to report an EPS of -$0.41, showcasing a 79.5% upward movement from the corresponding quarter of the prior year. Investors will be eagerly watching for the performance of AMC Entertainment in its upcoming earnings disclosure. The movie theater operator's stock has climbed by 13.64% in the past month, exceeding the Consumer Discretionary sector's loss of 3.55% and the S&P 500's loss of 3%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 1.2%. This change lagged the S&P 500's daily gain of 1.06%. I'm talking about it from the single guy, who went to go see "Top Gun" by himself.īRIAN SOZZI: So it was a cheap experience for me.īRAD SMITH: That's three months on any subscription service.The latest trading session saw AMC Entertainment (AMC) ending at $9.33, denoting a -1.79% adjustment from its last day's close. It was great.īRIAN SOZZI: I can't do that in my house.īRAD SMITH: It's just not an attainable experience for what $90 for the family? You know how many months you could pay for a streaming service for $90?īRAD SMITH: You might be able to buy Disney+ for like a year on that.īRIAN SOZZI: Well, you're going at- you're coming at it from the family aspect. I mean, the chairs, I was able to lean back. Had a big giant piece of pop- like box of popcorn. But I saw it in a comf-īRAD SMITH: That's how a kind of reverence in the theater.īRIAN SOZZI: Sat in a comfy, reclining seat. I went in there-īRAD SMITH: Yeah, but you're a big "Top Gun" fan.īRIAN SOZZI: Sure. I got to push back on the movie theater experience.īRIAN SOZZI: I saw "Top Gun" over the summer. So I mean, all of that considered, in a recession where people are gonna be looking at their discretionary spending, if there's one area that they're going to look across the experiences dollars that are going out the door or at the window in this case, then that movie theater experience might get pulled back tremendously.Īnd so what does that mean for AMC? Even in some of their own plans to prop up the movie theater experience and bring back some of the moviegoers through any type of Stubs membership or, you know, subscription service in the future.īRIAN SOZZI: Brad, you know, I agree with most everything you say. I'm gonna buy an overpriced concession that's probably hyped by about 400%.īRIAN SOZZI: Look at that popcorn, though, Brad.īRAD SMITH: Yeah, that popcorn could cost you $2.00-īRIAN SOZZI: AMC's coming out with that in the store now.īRAD SMITH: Probably $10 at the movie experience. So what is the draw for somebody to say, you know what? I'm gonna pay up. And look, for AMC, the years, perhaps not exactly what they had framed it up to be, especially on some of the blockbuster releases that had come out in the content schedule.Īnd now looking out to next year, I mean, what really is going to be able to kind of lift the tide for a lot of that moviegoing experience where we already know so much of the fanfare around some of the most viral titles, it continues to still be around titles that you can stream right now or titles that make it to streaming that much faster. But the fact that it did come out with it at a time where AMSheer- AMC shares have been under considerable pressure, I think is noteworthy.īRAD SMITH: Yeah, and this really in reaction to some of their debt reduction plans. "-because its capital structure is unsustainable and has limited options to reduce its debt burden and improve its cash flow." That type of aggressive commentary you do not usually hear from an S&P. Saying, "In our view, AMC is pursuing this transaction-" Of course, that debt for- debt for equity transaction we reported here last week. S&P showing it has a pulse in its research.
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