AMC Entertainment Q2 Preview: Earnings Estimates, Analyst Price Targets, Liquidity Questions And What 'Barbie' Means For The Bottom Line
Portfolio Pulse from Chris Katje
AMC Entertainment Holdings is set to report its Q2 financial results. Analysts expect a revenue of $1.27 billion and a loss of 5 cents per share. The company has consistently beat revenue and EPS estimates in the past. Analysts have been bearish on AMC shares with minimal coverage of the stock. Key items to watch include box office revenue and the impact of blockbuster movies. The success of movies like 'Barbie' and 'Oppenheimer' could significantly impact AMC's Q3. AMC's liquidity is also a concern, with a judge overturning a decision to convert AMC Preferred Equity Units into AMC common shares.
August 07, 2023 | 7:35 pm
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NEGATIVE IMPACT
A judge overturned a decision to convert AMC Preferred Equity Units (APE) into AMC common shares, which could impact AMC's liquidity.
The decision to not convert APE into AMC common shares could negatively impact AMC's liquidity, potentially leading to a negative impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
AMC is expected to report strong Q2 results, potentially beating estimates. However, analysts remain bearish on the stock. The success of 'Barbie' and 'Oppenheimer' could boost Q3 results, but liquidity concerns persist.
AMC's expected strong Q2 results and the potential success of 'Barbie' and 'Oppenheimer' could positively impact the stock. However, analysts' bearish outlook and liquidity concerns could negatively impact the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100