Meme stock traders might root AMC Entertainment (NYSE:AMC) stock and its famous CEO, Adam Aron. However, it’s important for sensible investors to look closely at the actual data because there’s no reason to expect it to return to its 2021, 2022 or even 2023 price levels.Not long ago, AMC Entertainment refinanced $2.45 billion worth of debt. Some onlookers celebrated this, but it doesn’t negate the fact that AMC Entertainment has to pay off a whopping $2.45 billion plus interest.Actually, it’s probably worse ...

AMC Entertainment Holdings, Inc. AMC has had a wild year, with its stock plunging 88.44% over the past year and 18.30% year-to-date. The stock's volatility was fueled by a mix of company-specific news and broader market events, including the return of Keith Gill, known as "Roaring Kitty," in June. His disclosure of a substantial position in GameStop Corp GME reignited interest in meme stocks, with AMC quickly finding itself back in the spotlight.AMC’s Financial Struggles, Q2 Silver LiningThe rollercoaster c ...

The stock market is starting to lose steam. After a record run, equities have turned sharply lower over the past few weeks.The reasons are various including geopolitical worries, a financial shock in Japan, changes in the U.S. presidential election race and uncertainty around interest rate policy. Regardless of the precise cause, market volatility has soared and traders are dialing back risk.This makes it a great time to take a fresh look at one’s more speculative holdings, such as in meme stocks. These thr ...

While it wasn’t quite the dramatic setbacks of Paramount Global and Warner Bros. Discovery this week, AMC Networks posted second-quarter financial results illustrating the perils of operating linear TV networks. The company’s earnings were down significantly from the prior-year quarter and below Wall Street estimates. The programmer reported adjusted earnings per share of $1.24, down from $2.02 and below analysts’ consensus outlook for $1.52. Revenue beat estimates but fell 8% to $626 million. In its earn ...

NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the second quarter ended June 30, 2024. Chief Executive Officer Kristin Dolan said: "AMC Networks continues to find opportunities in a strategic plan built around programming, partnerships and profitability. Key to our plan is the creation and curation of celebrated films and series, and making them available to audiences everywhere, including through an excitin ...

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 (AMC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this movie theater operator have returned -9.5%, compared to the Zacks S&P 500 composite's -6.7% change. During this period, the Zacks Leisure and Recreation Services industry, which AMC Entertainment falls in, has lost 11.2%. The key question now is: What could be the stock's future ...

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 (AMC) reported $1.03 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 23.5%. EPS of -$0.43 for the same period compares to $0.00 a year ago.The reported revenue represents no surprise over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being -$0.10, the EPS surprise was -330.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -330%. A quarter ago, it was expected that this movie theater operator would post a loss of $0.62 per share when it actually produced a loss of $0.78, delivering a surprise of -25.81%.Over the last four quarters, th ...