AMC Entertainment (NYSE:AMC) Issues Q1 2024 Earnings Guidance

AMC Entertainment (NYSE:AMC) issued an update on its first quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of -0.620–0.620 for the period, compared to the consensus earnings per share estimate of -0.790. The company issued revenue guidance of $951.4 million-$951.4 million, compared to the consensus revenue estimate of $861.1 million. AMC Entertainment also updated its Q1 guidance to $(0.62) EPS.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wedbush dropped their price objective 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 decreased their price target on shares of AMC Entertainment from $12.00 to $8.00 and set a neutral rating for the company in a research report on Thursday, February 29th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat, AMC Entertainment presently has an average rating of Reduce and a consensus price target of $5.95.

AMC Entertainment Stock Performance

Shares of AMC opened at $3.41 on Friday. The stock has a 50-day simple moving average of $3.83 and a 200-day simple moving average of $5.72. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $62.30. The stock has a market capitalization of $897.78 million, a PE ratio of -1.45 and a beta of 1.62.

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

AMC Entertainment Company Profile

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.