AMC Entertainment Holdings, Inc. (NYSE:AMC) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AMC to report 3Q20 loss of $ 4.95 per share.
For the full year, analysts anticipate top line of $ 1580.61 million, while looking forward to loss of $ 33.66 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 119.50 million ~ $ 119.50 million
Click Here For More Historical Outlooks Of AMC Entertainment Holdings, Inc.
Previous Quarter Performance
AMC Entertainment Holdings, Inc. unveiled loss for the second quarter of $ 5.44 per share, from the revenue of $ 18.90 million. The quarterly revenues declined 98.75 percent compared with the same quarter last year. The consensus estimates are loss of $ 4.29 per share from $ 11.88 million in revenue. The bottom line results missed street analysts by $ 1.15 or 26.81 percent, at the same time, top line results outshined analysts by $ 7.02 million or 59.09 percent.
Stock Performance
On Friday, shares of AMC Entertainment Holdings, Inc. has traded high as $ 2.49 and has cracked $ 2.28 on the downward trend, reaching $ 2.36 with volume of 11.01 million shares.
According to the previous trading day, closing price of $ 2.36, representing a 29.23 % increase from the 52 week low of $ 1.95 and a 75.65 % decrease over the 52 week high of $ 10.35.
The company has a market capital of $ 293.39 million and is part of the Services sector and Movie Production, Theaters industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by MKM Partners at Neutral rating, with $ 4.00 target price.
Conference Call
AMC Entertainment Holdings, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.amctheatres.com
AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.
