April 2, 2023
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AMC News Today

AMC News

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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