AMC(US:AMC) ZACKSยท2024-11-07 00:15Group 1: Earnings Performance - AMC Entertainment reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.07, and an improvement from a loss of $0.09 per share a year ago, representing an earnings surprise of 42.86% [1] - The company posted revenues of $1.35 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.20%, although this is a decline from year-ago revenues of $1.41 billion [2] - Over the last four quarters, AMC has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - AMC shares have lost approximately 28.3% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is -$0.10 on revenues of $1.33 billion, and for the current fiscal year, it is -$0.86 on revenues of $4.63 billion [7] Group 3: Industry Context - The Leisure and Recreation Services industry, to which AMC belongs, is currently in the top 29% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5]