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Here's Why Momentum in Marcus (MCS) Should Keep going
ZACKS· 2024-11-20 14:50
Core Viewpoint - The article emphasizes the importance of timing and sustainability in short-term investing, highlighting that a solid trend can lead to successful investments, but requires careful analysis of underlying factors [1][2]. Group 1: Stock Performance and Trends - The "Recent Price Strength" screen identifies stocks with strong fundamentals that can maintain upward momentum, focusing on those trading in the upper portion of their 52-week high-low range [3]. - Marcus (MCS) has shown a significant price increase of 55.4% over the past 12 weeks, indicating strong investor interest [4]. - MCS has also experienced a price increase of 32.1% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, MCS is trading at 93.4% of its 52-week high-low range, indicating a potential breakout [6]. Group 2: Fundamental Strength and Ratings - MCS holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7]. - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, showcasing the effectiveness of this rating system [7]. Group 3: Investment Strategy and Tools - The article suggests that investors should consider other stocks that pass the "Recent Price Strength" screen, as well as explore over 45 Zacks Premium Screens tailored to different investing styles [8]. - The Zacks Research Wizard can assist in backtesting stock-picking strategies to ensure they have produced profitable results in the past [9].
Is The Marcus (MCS) Stock Outpacing Its Consumer Discretionary Peers This Year?
ZACKS· 2024-11-18 15:41
Group 1 - Marcus (MCS) is a strong performer in the Consumer Discretionary sector, with a year-to-date gain of approximately 49.3%, significantly outperforming the sector average return of 10.7% [4] - The Zacks Rank for Marcus is 1 (Strong Buy), indicating a positive outlook, with the consensus estimate for full-year earnings having increased by 310.7% over the past 90 days [3] - Marcus is part of the Leisure and Recreation Services industry, which has an average gain of 16.8% this year, further highlighting its strong performance within its industry [5] Group 2 - Adtalem Global Education (ATGE) is another notable stock in the Consumer Discretionary sector, with a year-to-date return of 47.9% [4] - The Zacks Rank for Adtalem Global Education is 2 (Buy), with a consensus estimate for its current year EPS having increased by 2.8% over the past three months [5] - The Schools industry, to which Adtalem belongs, is ranked 11 and has seen a modest gain of 1.5% this year [6]
Experience the Ultimate 420 Festival Celebration with SweetWater's 20th Anniversary Lineup Featuring The Revivalists, Marcus King Band, Greensky Bluegrass, Drive-By Truckers and Cypress Hill at Atlanta's Iconic Pullman Yards from April 18-20, 2025
GlobeNewswire News Room· 2024-11-12 12:00
Core Insights - SweetWater Brewing Company, a subsidiary of Tilray Brands, Inc., is celebrating the 20th anniversary of its 420 Fest with a three-day event from April 18-20, 2025, at Atlanta's Historic Pullman Yards [1][2][3] Group 1: Festival Highlights - The festival will feature headliners such as The Revivalists, Marcus King, and Greensky Bluegrass, along with other notable artists including Drive-By Truckers and Cypress Hill [2][3] - Interactive art installations will showcase 20 years of festival artwork, band photography, and album art [3] - A Craft Beer Village will offer a selection of award-winning craft brews from various renowned breweries [3][4] Group 2: Family and Fan Experience - A designated family-friendly area, including private "Chill Mom Spots," will be available for families to relax and enjoy the festival [4] - Returning attractions include SweetWater's Fishing Camp and the SweetWater BoatHouse, along with a new SweetWater Roadie Challenge [4] Group 3: Sustainability Initiatives - The festival will utilize green energy credits to offset all energy consumed by stage lighting and sound [5] - $10 from every ticket sold will support clean waterways through a partnership with the Waterkeeper Alliance [5] - Eco-friendly transportation options, such as bike and scooter valet services, will be provided to reduce the carbon footprint [5] Group 4: Company Background - SweetWater Brewing Company is the largest craft brewer in the Southeast, known for its popular beers like the original 420 Extra Pale Ale and various IPAs [6] - The company is committed to environmental conservation and supports initiatives for clean water through its Save Our Water campaign [6]
MARCUS THEATRES® ROLLS OUT THE MARCUS MOVIE CLUB
Prnewswire· 2024-11-11 21:31
Group 1 - Marcus Theatres has launched a new movie membership program called Marcus Movie Club, priced at $9.99 per month, which offers members a credit for one 2D movie each month, 20% off food and beverages, and unlimited access to additional tickets for $9.99 each for friends and family [1][2] - The membership allows unused monthly ticket credits to roll over, and members can use their credits for early access and opening night screenings [1][2] - The Marcus Movie Club can be subscribed to or gifted for $9.99 per month or $109.89 annually, which includes one month free, and is available through the Marcus Theatres app or website [2] Group 2 - Marcus Theatres is the fourth-largest theatre circuit in the United States, operating 993 screens across 79 locations in 17 states under various brands [3]
Is The Marcus (MCS) a Great Value Stock Right Now?
ZACKS· 2024-11-07 15:45
Core Insights - The article emphasizes the importance of the Zacks Rank system in identifying winning stocks through earnings estimates and revisions [1] - Value investing is highlighted as a popular strategy for finding undervalued stocks using fundamental analysis and traditional valuation metrics [2] Company Analysis - The Marcus Corporation (MCS) is identified as a strong value stock, currently holding a Zacks Rank of 1 (Strong Buy) and a Value grade of A [3] - MCS has a Price-to-Sales (P/S) ratio of 0.99, which is lower than the industry average of 1.3, indicating potential undervaluation [4] - The company also has a Price-to-Cash Flow (P/CF) ratio of 11.58, compared to the industry's average of 14.54, suggesting a solid cash outlook [5] - The metrics indicate that MCS is likely undervalued, and its strong earnings outlook positions it as one of the market's strongest value stocks [6]
What Makes Marcus (MCS) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-11-06 18:05
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Why Fast-paced Mover Marcus (MCS) Is a Great Choice for Value Investors
ZACKS· 2024-11-05 14:51
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...
Marcus (MCS) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-11-01 17:01
Marcus (MCS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earnings ...
The Marcus(MCS) - 2024 Q3 - Earnings Call Transcript
2024-10-31 23:16
Financial Data and Key Metrics Changes - The company reported consolidated revenues of $233 million, an over 11% increase year-over-year, with both divisions contributing to revenue growth [11] - Consolidated operating income was $32.8 million, and adjusted EBITDA reached $52.3 million, marking record results for the third quarter [11] - Net earnings for the third quarter were $24.8 million or $0.78 per share, excluding the impacts of convertible debt repurchases [12] Business Line Data and Key Metrics Changes - Theatres division revenue was $143.8 million, a 13.6% increase compared to the prior year, with comparable theatre admission revenue up 9.5% and attendance increasing by 7.1% [13][14] - Hotels & Resorts division revenues were $88.7 million, an 8.1% increase year-over-year, with RevPAR for comparable owned hotels growing 9.8% [19] Market Data and Key Metrics Changes - U.S. box office receipts increased 3.8% during the fiscal 2024 third quarter compared to the same period in fiscal 2023, indicating the company's theatres outperformed the industry by approximately 5.7 percentage points [14] - The upper-upscale hotel segment experienced a RevPAR increase of 1.4%, indicating the company's hotels outperformed the industry by 8.4 percentage points, including the impact of the Republican National Convention [21] Company Strategy and Development Direction - The company is focused on maintaining a balanced approach to capital allocation, investing in growth while returning capital to shareholders through dividends and share repurchases [30][53] - The management expressed optimism about the long-term future of the theatre business, citing a strong film slate for the remainder of 2024 and 2025 [43][44] Management's Comments on Operating Environment and Future Outlook - Management noted that the theatre industry is experiencing a significant recovery, with record results achieved in both divisions, and emphasized the importance of a favorable film slate [33][34] - The Republican National Convention positively impacted hotel revenues, demonstrating the potential for future events to drive demand [46] Other Important Information - The company repurchased $13.5 million of convertible senior notes for $15.5 million, marking the retirement of substantially all convertible debt [28] - Cash flow from operations was $30 million, an increase from $21 million in the prior year quarter, primarily due to higher EBITDA [25] Q&A Session Summary Question: Impact of consumer behavior on attendance - Management acknowledged that the theatre business often benefits during economic slowdowns as it becomes a more affordable entertainment option [60] Question: Capital allocation and M&A opportunities - Management is open to M&A but noted a slow market for transactions, with many potential sellers waiting for more stable conditions [62] Question: Attendance trends and customer demographics - Management indicated that the changes to Value Tuesday and other promotions have successfully attracted value-driven customers, contributing to improved attendance [68][78] Question: Concession sales and merchandise - Management confirmed an increase in souvenir items, which has positively impacted concession sales, although there is not a significant introduction of standalone merchandise [79]
Marcus (MCS) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-31 14:36
For the quarter ended September 2024, Marcus (MCS) reported revenue of $232.67 million, up 11.5% over the same period last year. EPS came in at $0.78, compared to $0.32 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $211.69 million, representing a surprise of +9.91%. The company delivered an EPS surprise of +69.57%, with the consensus EPS estimate being $0.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...