AMC Entertainment Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - AMC Entertainment Holdings, Inc. is expected to report a quarterly loss of 8 cents per share for the second quarter, an improvement from a loss of 43 cents per share a year ago [1] - The projected quarterly revenue for AMC is $1.34 billion, up from $1.03 billion in the same period last year [1] - AMC entered into a Transaction Support Agreement with creditors, including holders of 62% of its 7.5% Senior Secured Notes due 2029 and 76% of Muvico's 6%/8% Senior Secured Exchangeable Notes due 2030 [2] Group 2 - AMC Entertainment shares increased by 4.3%, closing at $2.93 [2] - Wedbush analyst Michael Pachter upgraded AMC's stock from Neutral to Outperform, raising the price target from $3 to $4 [8] - Citigroup analyst Jason Bazinet maintained a Sell rating but increased the price target from $2.3 to $2.6 [8]