AMC Entertainment Holdings, Inc. AMC is scheduled to report results for the fourth quarter of 2022 on February 28. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 20%.
Q4 Dear
For the quarter to be reported, the Zacks Consensus Estimate for loss per share increased to 20 cents over the past 30 days from 17 cents. In the year-ago quarter, the company reported an adjusted loss per share of 11 cents. The Zacks Consensus Estimate for revenue was pegged at $1.03 billion, implying a decline of 11.7% year-over-year.
Factors to note
Poor reception as well as food and beverage revenue is expected to have negatively impacted AMC’s performance. However, the increased average ticket price probably helped the company.
The Zacks Consensus Estimate for Admissions and Food and Beverage revenue was pegged at $657 million and $369 million, compared to $667 million and $381 million reported in the year-ago quarter, respectively.
High costs likely squeezed the margin in the quarter. AMC Entertainment is establishing comprehensive health and sanitation programs that include enhanced cleaning procedures and improved air filtration efforts to ensure maximum safety for guests.
AMC Entertainment Holdings, Inc. Price and earnings per share Surprise
AMC Entertainment Holdings, Inc. price-eps-surprise | Quote from AMC Entertainment Holdings, Inc
What our model says
Our proven model convincingly predicts a profit for AMC Entertainment this time around. The combination of a positive earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of earnings beat.
ESP Earnings: AMC Entertainment has an Earnings ESP of +8.86%. You can discover the best stocks to buy or sell before they are reported with our ESP Earnings Filter.
Zacks Rank: The company has a Zacks Rank #3.
Other stocks poised to beat earnings
Here are some other stocks in the Zacks Consumer Discretionary space for investors to consider, as our model shows they also have the right mix of elements to report earnings:
Stride, Inc. LRN has an Earnings ESP of +0.93% and currently sports a Zacks Rank #1. You can see the full list of today’s Zacks #1 Rank stocks here.
Stride shares are up 25% over the past year. LRN’s earnings beat the Zacks Consensus Estimate three times over the past four quarters and missed it once, with an average negative surprise of 40.7%.
DISH Network Corporation DISH has an Earnings ESP of +7.37% and a Zacks Rank #3 currently.
Shares of DISH Network are down 58.4% over the past year. DISH’s earnings beat the Zacks Consensus Estimate three times over the past four quarters and missed it once, with an average surprise of 63.4%.
Monarch Casino & Resort, Inc. MCRI currently has an Earnings ESP of +4.12% and a Zacks Rank #3.
Shares of Monarch Casino have gained 7.8% over the past year. MCRI’s earnings beat the Zacks Consensus Estimate three times over the past four quarters and missed it once, with an average surprise of 3.7%.
Keep up with upcoming earnings announcements with the Zacks Earnings Calendar.
Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report
DISH Network Corporation (DISH) : Free Stock Analysis Report
Monarch Casino & Resort, Inc. (MCRI) : Free Stock Analysis Report
Stride, Inc. (LRN) : Free Stock Analysis Report
AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report
To read this Zacks.com article, click here.
Zacks Investment Research