AMC(US:AMC) ZACKSยท2024-11-07 01:36Core Insights - AMC Entertainment reported revenue of $1.35 billion for the quarter ended September 2024, a decrease of 4.1% year-over-year, but exceeded the Zacks Consensus Estimate by 1.20% [1] - The company posted an EPS of -$0.04, an improvement from -$0.09 in the same quarter last year, resulting in a positive EPS surprise of 42.86% compared to the consensus estimate of -$0.07 [1] Revenue Breakdown - Food and beverage revenue reached $490.40 million, surpassing the average estimate of $457.23 million, reflecting a year-over-year increase of 1.6% [3] - Other theatre revenue was reported at $114.20 million, below the estimated $118.75 million, indicating a decline of 9% compared to the previous year [3] - Admissions revenue totaled $744.20 million, slightly below the average estimate of $749.93 million, marking a year-over-year decrease of 6.7% [3] Stock Performance - AMC Entertainment's shares have increased by 5.3% over the past month, outperforming the Zacks S&P 500 composite, which rose by 0.7% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]