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AMC Entertainment (AMC) Reports Q3 Loss, Tops Revenue Estimates

by Prattay Mazumdar
November 9, 2021
in Markets
Reading Time: 2 mins read
0
AMC Entertainment to accept Bitcoin for tickets and concessions in the United States — CEO Adam Aron

Image Source: USA News Lab

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Image Source: USA News Lab

AMC Entertainment (AMC) came out with a diurnal loss of$0.44 per share versus the Zacks Consensus Estimate of a loss of$0.42. This compares to a loss of$5.70 per share a time agone. These figures are shaped for recreating particulars.

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This diurnal report represents an earnings surprise of-4.76. A quarter agone, it was anticipated that this movie theater motorist would post a loss of$0.91 per share when it actually produced a loss of$0.71, delivering a surprise of21.98.
Over the last four diggings, the company has surpassed agreement EPS estimates just formerly.

AMC Entertainment, which belongs to the Zacks Leisure and Recreation Services sedulity, posted earnings of$763.2 million for the quarter ended September 2021, surpassing the Zacks Consensus Estimate by0.60. This compares to time-ago earnings of$119.5 million. The company has excelled agreement profit estimates three times over the last four diggings.

The sustainability of the stock’s immediate price movement predicated on the recently-released numbers and future earnings prospects will mainly depend on the operation’s commentary on the earnings call.
AMC Entertainment shares have added about 1867 since the morning of the time versus the S&P 500’s gain of25.1.
While AMC Entertainment has outperformed the request so far this time, the question that comes to investors’ minds is what’s coming for the stock?

There are no easy answers to this pivotal question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current agreement earnings prospects for the coming quarter (s), but also how these prospects have changed lately.

Empirical Disquisition shows a strong correlation between near-term stock movements and trends in earnings estimate variations. Investors can track analogous variations by themselves or calculate on a tried-and-tested standing tool like the Zacks Rank, which has an emotional track record of employing the power of earnings estimate variations.

Ahead of this earnings release, the estimated variations trend for AMC Entertainment was mixed. While the magnitude and direction of estimate variations could change following the company’s just-released earnings report, the current status translates into a Zacks Rank# 3 ( Hold) for the stock. So, the shares are anticipated to perform in line with the request in the near future. You can see the complete list of moment’s Zacks# 1 Rank ( Strong Buy) stocks also.

It will be interesting to see how estimates for the coming diggings and the current fiscal time change in the days ahead. The current agreement EPS estimate is $0.19 on$1.13 billion in earnings for the coming quarter and $2.69 on$2.48 billion in earnings for the current fiscal time.

Investors should be apprehensive of the fact that the outlook for the sedulity can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Leisure and Recreation Services is presented in the bottom 36 of the 250 plus Zacks industriousness. Our disquisition shows that the top 50 of the Zacks-ranked industriousness outperform the undermost 50 by a factor of further than 2 to 1.
Blockchain and cryptocurrency have sparked one of the most provocative discussion motifs of a generation. Some call it the “ Internet of Plutocrat” and predict it could change the way plutocrat works forever. However, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears, If true. Experts agree we’re still in the early stages of this technology, and as it grows, it will produce several investing openings.

Zacks has just revealed 3 companies that can help investors subsidize on the explosive profit eventuality of Bitcoin and the other cryptocurrencies with significantly lower volatility than buying them directly.

Tags: AMCAMC EntertainmentAMC Entertainment HoldingsMarkets
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Prattay Mazumdar

Prattay is a Journalism and mass communication student. He is a deadline-oriented journalist with a passion for telling unique stories. Prattay is currently working as an intern at Techstory and can be reached at [email protected] .

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