AMC Entertainment (NYSE:AMC – Get Free Report) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.100–0.100 for the period, compared to the consensus estimate of -0.470. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Macquarie upped their price target on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an underperform rating in a research report on Tuesday, July 9th. Citigroup upped their target price on AMC Entertainment from $3.10 to $3.20 and gave the stock a sell rating in a report on Tuesday, May 14th. Finally, Wedbush lifted their price target on AMC Entertainment from $3.50 to $4.00 and gave the company a neutral rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of Reduce and a consensus target price of $5.37.
Get Our Latest Stock Analysis on AMC Entertainment
AMC Entertainment Price Performance
AMC Entertainment (NYSE:AMC – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The company had revenue of $951.40 million during the quarter, compared to analysts’ expectations of $951.40 million. As a group, equities research analysts predict that AMC Entertainment will post -0.84 earnings per share for the current year.
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.
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