AMC Entertainment Holdings, Inc. AMC is scheduled to report third-quarter 2024 results on Nov. 6, after market close. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 330%.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
AMC’s Q3 Estimates
The Zacks Consensus Estimate has narrowed to a loss of 7 cents per share from a loss of 9 cents in the past 30 days. In the prior-year quarter, the company incurred a loss of 9 cents.
The consensus mark for revenues is pegged at $1.33 billion, indicating a decline of 5.7% from the year-ago reported figure of $1.41 billion.
Key Factors to Consider for AMC’s Q3 Earnings Release
AMC’s third-quarter 2024 performance is likely to have been hurt by fewer high-demand releases. The company faces a challenging environment in the U.K. due to aggressive pricing from competitors, which might have limited its ability to increase ticket prices and capture market share. Continued closures of underperforming theaters might have reduced total ticket sales, affecting overall revenues.
The Zacks Consensus Estimate for revenues from admissions, food and beverage, and other theater is pegged at $750 million, $457 million and $119 million, indicating a decline of 6%, 5.4% and 5.6% from the prior-year levels, respectively.
However, AMC's focus on enhancing the guest experience and operational efficiency has been pivotal in its success. The company continues to innovate and diversify its offerings. These efforts are likely to have aided the company’s performance in the quarter to be reported.
Meanwhile, inflationary wage and cost pressures are anticipated to have exerted additional strain on AMC's operational expenses, potentially squeezing profit margins.
AMC Entertainment Holdings, Inc. Price and EPS Surprise
AMC Entertainment Holdings, Inc. price-eps-surprise | AMC Entertainment Holdings, Inc. Quote
What the Zacks Model Unveils for AMC
Our proven model does not conclusively predict an earnings beat for AMC Entertainment this time around. It does not have the right combination of two key ingredients, a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), to increase the odds of an earnings beat.
Earnings ESP of AMC: AMC has an Earnings ESP of -9.52% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
AMC’s Zacks Rank: AMC currently carries a Zacks Rank of 3.
Stocks With Favorable Combinations
Carnival Corporation & plc CCL currently has an Earnings ESP of +16.48% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
CCL reported better-than-expected earnings in each of the trailing four quarters, with the average surprise being 318.1%.
Choice Hotels International, Inc. CHH currently has an Earnings ESP of +5.84% and a Zacks Rank of 3.
CHH’s earnings for the to-be-reported quarter are expected to have increased 5%. It reported better-than-expected earnings in two of the trailing four quarters and missed twice, with the average surprise being 3.4%.
DraftKings Inc. DKNG currently has an Earnings ESP of +13.83% and a Zacks Rank of 3.
DKNG’s earnings for the to-be-reported quarter are expected to have increased 31.2%. It reported better-than-expected earnings in two of the trailing four quarters and missed twice, with the average surprise being 59.5%.
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