AMC Entertainment (AMC) to Post Q3 Earnings: What's in Store?

AMC Entertainment Holdings, Inc. AMC is scheduled to report its third-quarter 2022 results on Nov 8. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 11.1%.

Q3 Estimates

For the quarter to be reported, the Zacks Consensus Estimate for loss per share has narrowed to 25 cents over the past seven days from 27 cents per share. In the prior-year quarter, the company reported an adjusted loss per share of 44 cents. The consensus mark for revenues is pegged at $967 million compared with the year-ago reported figure of $763.2 million.

Factors to Note

An increase in global attendance and average ticket pricing is likely to have aided the top line in the third quarter of 2022. Earlier, the company had said that in 2022, the film slate is expected to be significantly stronger than in 2021. The robust performance of its domestic box office bodes well.

The Zacks Consensus Estimate for Admissions revenues is pegged at $578 million compared with the $425 million reported in the prior-year quarter. The consensus estimate for food and beverage revenues is pegged at $336 million compared with the $265 million reported in the prior-year quarter.

However, high costs are likely to have hurt the margin in the quarter. AMC Entertainment is making comprehensive health and sanitation programs, which include enhanced cleaning procedures and upgraded air filtration efforts, to ensure maximum safety for guests.

AMC Entertainment Holdings, Inc. Price and EPS Surprise

AMC Entertainment Holdings, Inc. Price and EPS Surprise
AMC Entertainment Holdings, Inc. Price and EPS Surprise

AMC Entertainment Holdings, Inc. price-eps-surprise | AMC Entertainment Holdings, Inc. Quote

What Our Model Says

Our proven model doesn’t conclusively predict an earnings beat for AMC Entertainment this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.

Earnings ESP: AMC Entertainment has an Earnings ESP of -4.61%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: The company has a Zacks Rank #3.

Stocks Posed to Beat Earnings

Here are some stocks from the Zacks Consumer Discretionary space that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat:

BJ's Wholesale Club Holdings, Inc. BJ has an Earnings ESP of +0.63% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of BJ's Wholesale Club have increased 25.1% in the past year. BJ’s earnings surpassed the consensus mark in all the trailing four quarters, the average surprise being 16.5%.

RCI Hospitality Holdings, Inc. RICK has an Earnings ESP of +4.15% and a Zacks Rank #2.

Shares of RCI Hospitality have increased 21.8% in the past year. RICK’s earnings surpassed the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 39.4%.

Caleres, Inc. CAL has an Earnings ESP of +0.45% and a Zacks Rank #3.

Shares of Caleres have gained 2.2% in the past year. CAL’s earnings surpassed the consensus mark in all the trailing four quarters, the average surprise being 34.9%.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
 
RCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report
 
AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report
 
Caleres, Inc. (CAL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research