AMC Entertainment Holdings, Inc. (AMC) is slated to release results for second-quarter 2024 on Aug 2, after the closing bell.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 25.8%. The company’s top line dropped 0.3% year over year. However, AMC’s loss per share narrowed to 78 cents from a loss of $1.31 reported in the prior-year quarter.AMC surpassed the earnings in the trailing three out of four quarters. The average surprise over this period is 38%, as shown in ...

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- AMC Networks, Inc. [NASDAQ: AMCX] announced today that Jamie Gallagher, the company’s long-time General Counsel and EVP, will retire at the end of the year. Following more than 16 years of service, Gallagher will step down from his role, concluding a distinguished career marked by invaluable contributions to the company. Throughout his tenure, Gallagher has been a cornerstone of the AMC Networks leadership team, guiding the company through significant chapters in ...

Core Viewpoint - Small-cap stocks are currently outperforming large-cap stocks, with notable examples being AMC Entertainment and Coursera, which present significant growth opportunities for investors [1]. Group 1: AMC Entertainment - AMC Entertainment has shown a remarkable 52% increase in stock price over the past three months, currently trading around $5.18 per share, driven by a resurgence in moviegoers and major blockbuster releases [2]. - The company is diversifying its revenue streams by hosting live events, gaming, and corporate gatherings, aiming to stabilize and grow income beyond traditional movie ticket sales [5]. - AMC reported quarterly sales of $88.96 million, a 9% decline year-over-year but exceeding analyst expectations of $76.01 million, with earnings per share (EPS) of $0.18, surpassing the estimated $0.07 [6]. Group 2: Coursera - Coursera is expanding its global presence through strategic partnerships with top universities and companies, enhancing its course offerings and appeal to a global audience seeking flexible education [7]. - The company reported adjusted profits of $0.09 per share and sales of $170.3 million for Q2 2024, exceeding analyst projections of $0.01 per share and $164.4 million in sales, with an 11% year-over-year sales growth [8]. - Coursera's stock was trading at $10 with a 44% gain over 24 hours, reflecting strong market performance [8].

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]

Shares of embattled theatre chain operator AMC Entertainment (NYSE:AMC) are ticking in the green again following its announcement of debt restructuring. However, these fleeting gains do little to impact the bearish outlook for AMC stock, which is overshadowed by its declining underlying business. AMC stock remains as precarious as ever, potentially sending its shareholders into dizzying headaches. Therefore, AMC is a no-brainer stock to sell, which will continue to erode shareholder value for the foreseeabl ...

Trading of AMC Entertainment (NYSE:AMC) stock was briefly halted this morning following the release of its preliminary second-quarter earnings. It was resumed at 9:43 ET, and, as of this writing, AMC stock is currently about 7% down.AMC posted revenue of $1.03 billion, down 23.54% from $1.347 billion a year ago. Preliminary revenue was in line with the consensus analyst estimate of $1.03 billion.The movie theater chain also reverted back to being an unprofitable company with a net loss of $32.8 million comp ...

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending shares down more than 5%. The company blamed last year's actors and writers strike for a slowdown in theatrical releases which ultimately led to "weakness" in the quarter ended June 30.AMC's preliminary results revealed revenue down more than 23% during the period to $1.03 billion. It also said it expects to post a net ...

Giant theater chain AMC Entertainment swung to red as revenue fell in the second quarter. Fewer films hit screens due to the Hollywood actors and writers strikes, but CEO Adam Aron said the worst and a major uptick that started in June is continuing. In preliminary results, released ahead of its formal quarterly earnings, the company said total revenues for the quarter ended June 30 dipped to just over $1 billion from $1.35.9 billion a year ago, dragged down by slow moviegoing in April and May. As a result ...

Shares of AMC Entertainment (NYSE:AMC) stock are in the red about 3% after Wedbush raised its price target to $4 from $3.50. Yesterday, the movie theater chain announced a refinancing transaction that would extend the maturity of up to $2.45 billion of debt from 2026 to 2029 and later.This transaction will open up the opportunity to reduce debt by $464 million from the conversion of exchangeable notes into equity. That has dilutive effects on shareholders and is likely why AMC stock is down today.“Previousl ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...