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Recently, Zacks.com users have been paying close attention to AMC Entertainment (AMC). This makes it worthwhile to examine what the stock has in store.
Movie theater company AMC Entertainment Holdings AMC is drawing praise from analysts for market share gains and a strong end to the second quarter, but balance sheet concerns remain after reporting quarterly results.
AMC Entertainment Holdings Inc., which reported second-quarter results after market close Friday, is set for market-share gains amid an improving box office, according to Wedbush.
AMC Entertainment Holdings, Inc. (NYSE:AMC ) Q2 2024 Results Conference Call August 2, 2024 5:00 PM ET Company Participants John Merriwether - Vice President, Capital Markets and Investor Relations Adam Aron - Chairman and Chief Executive Officer Sean Goodman - Executive Vice President and Chief Financial Officer Conference Call Participants Eric Wold - B. Riley Securities Chad Beynon - Macquarie Jason Bazinet - Citi Jim Goss - Barrington Research Alicia Reese - Wedbush Operator Greetings and welcome to the AMC Entertainment Holdings Inc. Second Quarter 2024 Earnings Webcast.
Although the revenue and EPS for AMC Entertainment (AMC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
AMC Entertainment (AMC) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to break-even earnings per share a year ago.
Top exhibitor AMC Entertainment posted a loss of 10 cents a share and saw revenue slide 24% in the second quarter due to the strike-hit movie pipeline. Though they may have been shaky, however, the financials matched Wall Street analysts' estimates and shares in AMC gained ground in after-hours trading.
LEAWOOD, Kan.--(BUSINESS WIRE)---- $AMC--AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”) today reported results for the second quarter ended June 30, 2024, which have been posted to the Investor Relations section of AMC's website at https://investor.amctheatres.com/. The Company will host a live webcast for investors and other interested parties on August 2, 2024, at 4:00 PM CDT/5:00 PM EDT. The live webcast can be accessed through the Investor Relations section of AMC's website at.
The movie-theater chain has struggled against a mountain of debt and mediocre films, but the tides seem to be turning.
Recent movie news bodes well for AMC Entertainment (NYSE: AMC ) stock as it reports earnings on Aug. 2. Although it released preliminary results last week, this could be a case of “buy the rumor, sell the news.