Here's Why AMC Entertainment (AMC) Gained But Lagged the Market Today

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]