AMC Earnings Preview: Crucial Q3 Results Could Signal Shift From Meme Frenzy To Mainstream
Portfolio Pulse from Piero Cingari
AMC Entertainment Holdings Inc. (NYSE:AMC) is set to release its Q3 financial results, which are highly anticipated due to the company's recent struggles. AMC's stock price has dropped by over 70% since the start of the year, following a 75% decline in 2022. The company, once a favorite among retail traders and a popular meme stock, has seen a significant shift in investor sentiment. Wall Street analysts currently project a negative EPS of approximately 25 cents for Q3. However, this would be an 85% improvement compared to the same quarter last year. Revenue estimates for Q3 are at $1.26 billion, a 30% increase from Q3 2022. Wedbush Securities expects AMC to deliver robust Q3 results and potentially share a positive outlook for Q4.
November 07, 2023 | 10:01 pm
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AMC is set to release its Q3 results. Despite the projected negative EPS, it represents an improvement from last year. Revenue estimates are also up from Q3 2022. The company's stock price has been struggling, but robust Q3 results and a positive Q4 outlook could potentially influence the stock positively.
AMC's stock has been struggling due to various factors, including the COVID-19 pandemic and shifts in the entertainment industry. However, the company's Q3 results are highly anticipated and could potentially influence the stock positively. The projected negative EPS for Q3 is an improvement from last year, and revenue estimates are up from Q3 2022. Additionally, a positive Q4 outlook could further boost investor sentiment.
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IMPORTANCE 80
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