Since the 2025 box office will likely face softer comparisons due to the Hollywood strikes affecting 2024 productions, I think it’s reasonable to expect a 5% to 7% increase from the $8.57 billion in 2024. Simply put, since the end of 2022, AMC shareholders have been diluted by a heart-wrenching 71%. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
The company's upcoming EPS is projected at -$0.16, signifying a 70.37% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.29 billion, indicating a 16.5% upward movement from the same quarter last year. First, its client segment, which mainly sells its x86 CPUs for PCs, continued to gain ground against Intel with its Ryzen 8000 CPUs. Second, its data center segment, which sells its Epyc CPUs and Instinct GPUs for servers, grew rapidly as the AI market expanded. Those growth engines offset its soft sales of gaming GPUs, custom APUs for consoles, Best high yield dividend stocks and Xilinx's embedded chips.
‘Shadowbox’ Review: A Restrained Indian Drama That Seldom Coheres, Despite Its Great Performances
According to 7 analysts, the average rating for AMC stock is "Sell." The 12-month stock price forecast is $4.09, which is an increase of 15.21% from the latest price. Therefore, AMD isn't a bad stock, but it just doesn't look more appealing than Nvidia. AMD has carved out a little niche in the data center market, but it certainly won't transform into the "next Nvidia" anytime soon. So, while AMD is worth nibbling on at these levels as its data center market expands, it really can't be considered a golden buying opportunity yet. Those growth rates look healthy, but the bulls were likely disappointed by the slowing growth of its data center business. The segment's revenue rose 69% year over year in the fourth quarter and accounted for about half of its revenue, but that represented a significant slowdown from its triple-digit growth in the previous two quarters.
AMC’s Battle Against Bankruptcy Since the COVID-19 Pandemic
Later, the company announced the launch of streaming services in 2019 and listed thousands of titles across a wide spectrum of genres and categories by mid-2022. A strong end to 2024 has eased AMC Entertainment Holdings Inc.’s (AMC), the largest movie theater chain in the world, financial struggles, providing a glimmer o… Movie theater stocks moved higher Monday in the wake of the biggest Thanksgiving ever at the domestic box office.
Leisure Stocks Poised to Beat Earnings Estimates in Q4
Enter your email address to receive the latest news and analysts' ratings for AMC Entertainment and its competitors. On the second option, AMC CEO Adam Aron is optimistic about 2025 but clarified that he expects big blockbusters, even though smaller studios produce more movies. In fact, the Q box office performance was better than expected, helped by the sequel to Moana and the fantasy musical film Wicked, which pushed AMC’s cumulative gross up by 26% year-over-year. But the bigger picture is that the company is still struggling, largely because of its massive debt load. AMC currently has $7.9 billion in net debt, which has resulted in net interest expenses of $368.2 million over the past year.
AMC Entertainment Holdings, Inc. Overview Entertainment / Communication Services
Is the world’s largest movie theater operator, AMC Entertainment (AMC), finally making a comeback? For those who aren’t familiar with AMC, the movie theater chain became one of the main meme stocks during retail investors’ frenzy in 2021. The stock gained the attention of many retail investors and traders due to its high short interest and the possibility of bankruptcy caused by the severe impact COVID-19 had on its core business. While AMC’s market value today is just over $1.26 billion, it was worth $28.44 billion in mid-June 2021. 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AMC Entertainment in the last twelve months.
- Its revenue rose 24% year over year to $7.66 billion and exceeded analysts' estimates by $132 million, while its adjusted EPS grew 42% to $1.09 and matched the consensus forecast.
- This could be key to a successful turnaround, but it will likely continue putting downward pressure on AMC’s share price.
- At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
- StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th.
- Today, the chain is home to all of the top movies and offers attractions like IMA, Dolby Surround Sound, PRIME, 3-D features, Plush Power Recliners, and Dreamscape as well as full restaurants in many locations.
- The segment's revenue rose 69% year over year in the fourth quarter and accounted for about half of its revenue, but that represented a significant slowdown from its triple-digit growth in the previous two quarters.
These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in lexatrade review estimates signify analyst optimism regarding the company's business and profitability. Down 98% from all-time highs, AMC stock remains a high-risk investment due to its weak fundamentals and tepid growth estimates. GameStop (GME) and MicroStrategy (MSTR) spurred fresh interest in meme stocks this week and now fellow day trader favorite AMC Entertainment (AMC) is getting in…
- Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.
- Given AMC’s current situation, it’s no surprise that Wall Street’s consensus isn’t exactly optimistic, but it’s not ultra-negative either.
- Simply put, since the end of 2022, AMC shareholders have been diluted by a heart-wrenching 71%.
- 1962 is marks a major milestone for the company because it is taken over by Stanley Durwood who embarks on a mission of rapid expansion.
- Is the world’s largest movie theater operator, AMC Entertainment (AMC), finally making a comeback?
Revenue vs. Earnings
The Barchart Technical Opinion rating is a 88% Sell with a Average short term outlook on maintaining the current direction. AMC said it intends to use the net proceeds to strengthen its balance sheet and reinvest in the company’s core business to elevate and differentiate the movie-going experience under the AMC GO Plan. Recently, AMC said it plans to conduct another stock sale of 50 million shares through Goldman Sachs, with plans to use the proceeds to pay down debt and upgrade locations. The leisure industry is likely to have benefited from robust demand for recreational products and https://www.forex-world.net/ golf business. Higher disposable incomes have boosted consumer spending on leisure activities.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. Given AMC’s current situation, it’s no surprise that Wall Street’s consensus isn’t exactly optimistic, but it’s not ultra-negative either. Over the past three months, all four analysts covering the stock have rated AMC as a Hold.