AMC Leisure (AMC) got here out with a quarterly lack of $0.24 per share versus the Zacks Consensus Estimate of a lack of $0.27. This compares to lack of $0.71 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 11.11%. 1 / 4 in the past, it was anticipated that this movie show operator would publish a lack of $0.63 per share when it truly produced a lack of $0.52, delivering a shock of 17.46%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
AMC Leisure , which belongs to the Zacks Leisure and Recreation Providers business, posted revenues of $1.17 billion for the quarter ended June 2022, lacking the Zacks Consensus Estimate by 0.05%. This compares to year-ago revenues of $444.7 million. The corporate has topped consensus income estimates two instances over the past 4 quarters.
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
AMC Leisure shares have misplaced about 33.1% for the reason that starting of the yr versus the S&P 500’s decline of -12.8%.
What’s Subsequent for AMC Leisure?
Whereas AMC Leisure has underperformed the market to this point this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable observe report of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for AMC Leisure: combined. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You possibly can see the entire listing of at present’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.25 on $1.05 billion in revenues for the approaching quarter and -$1.26 on $4.32 billion in revenues for the present fiscal yr.
Buyers must be conscious of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Leisure and Recreation Providers is at present within the backside 39% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical business, Xponential Health (XPOF), has but to report outcomes for the quarter ended June 2022. The outcomes are anticipated to be launched on August 11.
This franchisor of boutique health manufacturers is anticipated to publish quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of +163.6%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Xponential Health’ revenues are anticipated to be $49.22 million, up 37.6% from the year-ago quarter.
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