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What's in Store for AMC Entertainment (AMC) in Q2 Earnings?

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AMC Entertainment Holdings, Inc. AMC is scheduled to report second-quarter 2021 results on Aug 9, after market close. In the last reported quarter, the company reported loss of $1.42 per share, missing the Zacks Consensus Estimate by 10.9%.

Q2 Estimates

For the quarter to be reported, the Zacks Consensus Estimate for loss per share has widened to 91 cents over the past 30 days from 90 cents per share. In the prior-year quarter, the company had reported adjusted loss per share of $5.44. The consensus mark for revenues is pegged at $341.3 million, compared with the year-ago reported figure of $18.9 million.

Factors to Note

For second-quarter 2021, the impact of the increasingly favorable environment for movie-going and accelerated vaccinations in the United States, Europe and the Middle East is expected to have aided the company’s performance in the quarter. The Zacks Consensus Estimate for Admissions revenues is pegged at $188 million, suggesting a rise of 170.5% from the prior-year quarter.

Also, the company is in the process of opening most of its theaters maintaining safety, cleanliness and social-distancing protocols. With the arrival of a new movie title release, the company is again attracting guests with its innovative array of loyalty programs and amenities, thereby driving the top line.

Notably, AMC Entertainment is continuously working on resuming its business. As of Apr 30, 2021, the company opened nearly 589 of its 593 domestic locations and 110 of its 357 international locations. This productive effort of timely resumption of operations is likely to have driven the company’s growth for second-quarter 2021.

However, AMC Entertainment is making comprehensive health and sanitation program, including enhanced cleaning procedures and upgraded air filtration efforts, to ensure maximum safety for guests. These efforts entail high costs that are likely to have weighed on the second-quarter performance.

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 Indicates

Our proven model predicts 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: Earnings ESP for AMC Entertainment is +10.66%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: The company currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks With Favorable Combination

Here are some other companies in the Zacks Consumer Discretionary sector, which according to our model, also have the right combination of elements to post an earnings beat in their respective quarters to be reported.

PlayAGS, Inc. AGS has an Earnings ESP of + 43.55% and a Zacks Rank #2.

Penn National Gaming, Inc. PENN has an Earnings ESP of + 26.32% and a Zacks Rank #2.

Accel Entertainment, Inc. ACEL has an Earnings ESP of +4.55% and a Zacks Rank #2.

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Penn National Gaming, Inc. (PENN) : Free Stock Analysis Report

AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report

PlayAGS, Inc. (AGS) : Free Stock Analysis Report

Accel Entertainment, Inc. (ACEL) : Free Stock Analysis Report

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