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AMC Entertainment (AMC) Reports Second Quarter Earnings: What's Awaiting?

AMC Entertainment Holdings Co., Ltd. AMC plans to report second quarter 2022 results on August 4. In its last reported quarter, the company’s revenue exceeded the Zacks Consensus Estimate by 17.5%.

Q2 forecast

For the quarter reported, the Zacks Consensus estimate for loss per share widened from 22 cents to 26 cents per share over the past 30 days. In the previous quarter, the company had reported an adjusted loss of 71 cents per share for him. The consensus mark for earnings is pegged at $1.12 billion, compared to his reported $444.7 million a year ago.

Factors to watch out for

The company’s second quarter 2022 results may have benefited from sharp increases in global attendance and average ticket prices. The company previously said it expects its 2022 film slate to grow significantly over his 2021.

The Zachs consensus estimate of admissions income is pegged at $642 million, compared with $233 million reported in the same period last year. The consensus estimate for food and beverage earnings is pegged at $376 million, compared with his $162 million reported in the same period last year.

However, AMC Entertainment has created a comprehensive health and hygiene program to ensure maximum guest safety, including enhanced cleaning procedures and upgraded air filtration efforts. It involves high costs that are likely to weigh on earnings in the second quarter. Monthly cash burns may have weighed on the company’s future reported quarterly earnings.

what our model says

Our tried-and-true model is not a definitive predictor of AMC Entertainment’s earnings beat this time around. A combination of positive earnings ESP and a Zacks rank of 1 (strong buy), 2 (buy), or 3 (hold) increases the likelihood of winning above earnings.

Revenue ESP: AMC Entertainment’s Revenue ESP is +14.29%. Earnings ESP filters help you find the best stocks to buy or sell before they’re reported.

Zack Rank: This company has a Zacks rank of 4th (sales).

AMC Entertainment Holdings, Inc. Price and EPS Surprise AMC Entertainment Holdings, Inc. Price and EPS Surprise

AMC Entertainment Holdings, Inc. Price – eps – Surprise | AMC Entertainment Holdings, Inc. Quotation

Stocks May Outperform Earnings

Below are some of the stocks that are part of the Zacks Consumer Discretionary sector that investors may consider. Our model shows that these stocks have the right combination of factors to beat the gains.

Callaway Golf Company ELY has a revenue ESP of +2.69% and a Zacks rank of 2.

Callaway Golf stock is down 32.8% over the past year. ELY’s earnings have topped the consensus mark in all of the last four quarters, averaging 955.5% for him.you can see See the full list of Zacks #1 Rank stocks for today here.

Under Armor Co., Ltd. UAA has a Profit ESP of +1.05% and a Zacks rank of 3.

Under Armor shares have fallen 56.1% over the past year. UAA earnings have topped the consensus mark three times and missed once in his last four quarters. His average surprise rate was 103.8%.

Dolby Laboratories, Inc. DLB’s Revenue ESP is +5.00% and Zacks Ranks #3.

Dolby Laboratories stock has fallen 22.5% over the past year. DLB’s earnings have beaten the consensus mark three times and fallen below once in his last four quarters. The average surprise rate was 14.7%.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Dolby Laboratories (DLB): Free Stock Analysis Report

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The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

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