AMC Entertainment (NYSE:AMC) Issues Q1 Earnings Guidance

AMC Entertainment (NYSE:AMC) issued an update on its first quarter earnings guidance on Friday morning. The company provided EPS guidance of $(0.62) for the period, compared to the consensus EPS estimate of ($0.79). The company issued revenue guidance of $951.4 million, compared to the consensus revenue estimate of $861.06 million. AMC Entertainment also updated its Q1 2024 guidance to -0.620–0.620 EPS.

AMC Entertainment Stock Up 4.0 %

NYSE:AMC traded up $0.13 during trading hours on Friday, reaching $3.41. 15,198,065 shares of the company’s stock were exchanged, compared to its average volume of 15,580,860. The firm has a market capitalization of $897.78 million, a price-to-earnings ratio of -1.45 and a beta of 1.62. The company has a 50-day moving average of $3.86 and a 200 day moving average of $5.77. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $62.30.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Research analysts forecast that AMC Entertainment will post -1.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMC shares. Wedbush cut their price target on shares of AMC Entertainment from $6.00 to $4.00 and set a neutral rating for the company in a report on Thursday, April 18th. B. Riley cut their price target on shares of AMC Entertainment from $12.00 to $8.00 and set a neutral rating for the company in a report on Thursday, February 29th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, AMC Entertainment currently has a consensus rating of Reduce and an average target price of $5.95.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.