AMC latest news.
AMC Entertainment AMC reported revenue of $1.35 billion, down 4.1% over the same period last year but above expectations. EPS came in at -$0.04, compared to -$0.09 in the year-ago quarter, also above forecast. (11-7-2024)
AMC Entertainment AMC down 12% in premarket trading. (5-16-2024)
Citigroup maintains AMC Enter Hldgs $AMC at Sell and raises the price target from $3.1 to $3.2
AMC reported Q1 2024 net loss of $0.62, worse than the $0.54 loss reported last quarter but an improvement from the $1.71 loss reported in Q1 2023. (5-8-2024)
AMC reported a net loss of $163.5 million for Q1, an improvement from the $182 million loss in Q4 2023 and $235 million for the prior-year quarter. (5-8-2024)
Wedbush maintains AMC Enter Hldgs AMC at Neutral and lowers the price target from $6 to $4. (4-18-2024)
AMC Entertainment Holdings AMC Net loss narrowed significantly from $(973.6) million in 2022 to $(396.6) million in 2023. (2-28-2024)
AMC Entertainment Holdings Inc AMC reduced the principal balance of its debt by $448.1 million during 2023. (2-28-2024)
AMC Entertainment Holdings AMC reported a net loss of $182 million, or 0.83/share, compared with a loss of $287.7 million, or $2.64/share, in the year-prior quarter. (2-28-2024)
AMC Entertainment AMC reported revenue of $1.104 billion, beating the consensus of $1.058 billion. (2-28-2024)
B. Riley Securities Reiterated AMC Entertainment (AMC) at Neutral and cut the price target from $7.50 to $4.50 (1-3-2023)
AMC Entertainment AMC is down 17% on equity capital raise -12-22-2022
AMC News: AMC Entertainment (AMC) will announce its results for the Q3 that ended on September 30, 2022, after the market closes on November 8, 2022. AMC will host an earnings call on Tuesday at 4:00 p.m. CST / 5:00 p.m. EST accessible at https://investor.amctheatres.com/corporate-overview.
AMC Analyst’s Estimates
AMC is expected to post a loss of $0.27 per share in the third quarter, which represents a year-over-year change of +38.6%. Revenues are expected to rise 26.7% to $967 million.
AMC posted a lower than expected loss in the second quarter of 2022.
The net loss per share was at -$0.71 better than the expectations of -$0.91. In the second quarter of 2021, the loss per share was -$5.38.
The revenue came at $444.7 million beating the Wall Street estimates of $382.1 million.
Attendance in the theatres for the first six months of the year was 98.2 million, much lower than 176.7 million in 2019.
On October 27, Credit Suisse rated AMC shares a “sell” and set a price target of $0.95.
AMC Price
AMC closed yesterday’s trading session down 7.66% at $6.15. The stock is down 63% in 2022 and is 74% lower in the previous 12 months. The AMC has now a market capitalization of $3.48 billion. The stock has a 52-week trading range between $5.47 and $28.23.
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