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AMC(AMC) - 2024 Q1 - Quarterly Results
2024-05-08 20:25
Exhibit 99.1 INVESTOR RELATIONS: John Merriwether, 866-248-3872 InvestorRelations@amctheatres.com MEDIA CONTACTS: Ryan Noonan, (913) 213-2183 rnoonan@amctheatres.com FOR IMMEDIATE RELEASE LEAWOOD, KANSAS - (May 8, 2024) -- AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC" or "the Company"), today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Summary Results: ● Total revenues were $951.4 million compared to $954.4 million for Q1 2023. ● Net loss improved to $(163.5) millio ...
Dear AMC Stock Fans, Mark Your Calendars for May 16
InvestorPlace· 2024-05-08 14:06
Former meme stock AMC Entertainment (NYSE:AMC) will report earnings on May 16. Shares in the movie theater chain are down by nearly half on the year. Yet CEO Adam Aron insists they’re not out, pointing to a line of “exclusive events.”Aron said on X, formerly Twitter, that AMC Theaters will host a listening party with Dolby Sound for the new Billie Eilish album “Hit Me Hard and Soft.” Analysts expect AMC to report a loss of 79 cents/share for the March quarter. Shares opened May 8 at about $3.14 each, with a ...
Weak Box Office to Dampen AMC Entertainment (AMC) Q1 Earnings
Zacks Investment Research· 2024-05-06 14:26
AMC Entertainment Holdings, Inc. (AMC) is scheduled to report first-quarter 2024 results on May 8, after market close. In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 22.9%.AMC Entertainment’s earnings remarkably topped the consensus mark in each of the last four quarters, the average surprise being 50.4%.How are Estimates Placed?The Zacks Consensus Estimate has widened to a loss of 62 cents per share from a loss of 60 cents over the past 7 days. In the prior-year ...
Should You Buy AMC Entertainment (AMC) Stock Before May 8?
InvestorPlace· 2024-05-02 19:11
Cineplex operator AMC Entertainment (NYSE:AMC) is facing a high-stakes opportunity to right the ship. Amid big questions about its debt load, the company will reveal its full first-quarter earnings results on May 8. While a positive contextual framing could temporarily boost AMC stock, it continues to run against significant industry-wide headwinds.Earlier this week, the movie theater chain spooked investors when it revealed that Q1 revenue will land at $951.4 million. In contrast, the company posted sales ...
AMC Entertainment (AMC) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-05-01 22:51
AMC Entertainment (AMC) closed the most recent trading day at $2.97, moving +1.37% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.34%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.33%.The movie theater operator's shares have seen a decrease of 5.48% over the last month, surpassing the Consumer Discretionary sector's loss of 8.44% and falling behind the S&P 500's loss of 4.05%.Market participants will be closely following the financial ...
AMC Stock Plunges 11% as Theater Chain Warns of Lower Revenue
InvestorPlace· 2024-04-29 18:41
Cineplex operator AMC Entertainment (NYSE:AMC) is attempting to instill faith in investors, though Monday’s 11% decline obviously isn’t helping. A disappointing financial disclosure combined with a seeming disconnect in messaging has clouded AMC stock.Last Friday, AMC head executive Adam Aron posted satisfaction with the company’s financial results, noting that they were “stronger than consensus analysts estimates.” Per the official press release, net loss for the quarter ended March 31 will come in at $163 ...
AMC set to top Q1 estimates; shares fall on CEO's Hollywood strikes impact warning
Proactive Investors· 2024-04-29 16:12
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
AMC Entertainment Preview Of Q1 Results Shows Top Movie Theater Circuit Beating Wall Street Estimates
Deadline· 2024-04-26 20:50
Top movie theater circuit AMC Entertainment offered investors a preview of its first-quarter financial results late Friday, with key metrics coming in ahead of Wall Street expectations. The company plans to report its final quarterly numbers on May 8. Occasionally, public companies release preliminary numbers, especially those under scrutiny as AMC is during its recovery from the dual strikes of 2023. Like its peers in exhibition, the company has been hurt by a slowdown in the overall production pipeline, ...
AMC Stock: Lenders Push for AMC Debt Extension
InvestorPlace· 2024-04-26 18:32
Embattled cineplex operator AMC Entertainment (NYSE:AMC) may be mulling over a debt extension proposal. According to inside sources familiar with the matter, such a move would push back the company’s near-term debt maturities. Even without the liabilities overhang, AMC stock suffers from broader industry-wide demand erosion.According to a Bloomberg report, a lender group to the movie theater operator forwarded the aforementioned debt payment extension proposal. As of Dec. 31 of last year, AMC owes approxima ...
AMC Entertainment (AMC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Zacks Investment Research· 2024-04-26 15:05
AMC Entertainment (AMC) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the s ...