Stock Performance - AMC Entertainment ended the recent trading session at $5 18, showing a +0 78% increase from the previous day's closing price [1] - The stock's performance lagged behind the S&P 500's daily gain of 1 11%, while the Dow and Nasdaq saw gains of 1 64% and 1 03%, respectively [1] - Over the past month, AMC's stock has risen by 7 53%, outperforming the Consumer Discretionary sector's loss of 3 51% and the S&P 500's loss of 1 16% [1] Earnings and Revenue Projections - AMC Entertainment is set to release its earnings report on August 2, 2024 [1] - The Zacks Consensus Estimates project full-year earnings of -$0 76 per share and revenue of $4 57 billion, representing changes of +67 93% and -5 02%, respectively, from the prior year [1] Analyst Estimates and Zacks Rank - Recent revisions to analyst estimates for AMC Entertainment reflect evolving short-term business trends, with positive alterations indicating optimism about the company's business and profitability [2] - The Zacks Rank system, which integrates estimate changes, has shown a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [2] - Over the past month, there has been a 9 52% rise in the Zacks Consensus EPS estimate for AMC, and the company currently holds a Zacks Rank of 2 (Buy) [2] Industry Overview - The Leisure and Recreation Services industry, part of the Consumer Discretionary sector, currently has a Zacks Industry Rank of 199, placing it in the bottom 22% of all 250+ industries [3] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3]

Shares of embattled theatre chain operator AMC Entertainment (NYSE:AMC) are ticking in the green again following its announcement of debt restructuring. However, these fleeting gains do little to impact the bearish outlook for AMC stock, which is overshadowed by its declining underlying business. AMC stock remains as precarious as ever, potentially sending its shareholders into dizzying headaches. Therefore, AMC is a no-brainer stock to sell, which will continue to erode shareholder value for the foreseeabl ...

Trading of AMC Entertainment (NYSE:AMC) stock was briefly halted this morning following the release of its preliminary second-quarter earnings. It was resumed at 9:43 ET, and, as of this writing, AMC stock is currently about 7% down.AMC posted revenue of $1.03 billion, down 23.54% from $1.347 billion a year ago. Preliminary revenue was in line with the consensus analyst estimate of $1.03 billion.The movie theater chain also reverted back to being an unprofitable company with a net loss of $32.8 million comp ...

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending shares down more than 5%. The company blamed last year's actors and writers strike for a slowdown in theatrical releases which ultimately led to "weakness" in the quarter ended June 30.AMC's preliminary results revealed revenue down more than 23% during the period to $1.03 billion. It also said it expects to post a net ...

Giant theater chain AMC Entertainment swung to red as revenue fell in the second quarter. Fewer films hit screens due to the Hollywood actors and writers strikes, but CEO Adam Aron said the worst and a major uptick that started in June is continuing. In preliminary results, released ahead of its formal quarterly earnings, the company said total revenues for the quarter ended June 30 dipped to just over $1 billion from $1.35.9 billion a year ago, dragged down by slow moviegoing in April and May. As a result ...

Shares of AMC Entertainment (NYSE:AMC) stock are in the red about 3% after Wedbush raised its price target to $4 from $3.50. Yesterday, the movie theater chain announced a refinancing transaction that would extend the maturity of up to $2.45 billion of debt from 2026 to 2029 and later.This transaction will open up the opportunity to reduce debt by $464 million from the conversion of exchangeable notes into equity. That has dilutive effects on shareholders and is likely why AMC stock is down today.“Previousl ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Investors should now be familiar with the story behind so-called “meme stocks.” These are companies considered not that great by hedge funds and savvy investors who bought into the technology sector, so they naturally carry large short interest due to the number of short sellers who take on their bearish views. What ends up happening is a management stunt to send the stock rallying and cause what’s known as a short squeeze, otherwise known as an astronomic rally.AMC Entertainment TodayAMCAMC Entertainment$5 ...

A long-struggling meme stock is back in the green today on a positive update. AMC Entertainment (NYSE:AMC) has announced plans to refinance its debt burden. The company says it will “undertake a series of refinancing transactions to extend the maturity of about $2.5 [billion] of existing debt.” As of now, the company plans on extending its debt through 2029 and beyond.What’s Happening with AMC StockSeeking Alpha notes that AMC and its subsidiaries will be issuing “$1.2 [billion] of new term loans and about ...

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, ...