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AMC (AMC) Leisure will report quarterly outcomes on Tuesday after the shut. Traders have some concept of what to anticipate because the theater chain posted a few of its preliminary numbers final month.
Shares of AMC had been buying and selling decrease forward of outcomes amid an general market sell-off.
These are the consensus estimates for main metrics, as compiled by Bloomberg knowledge:
Adjusted (loss) per share: -16 cents
Income: $1.11 billion
Traders can be paying shut consideration to the earnings name this afternoon, as administration has fielded questions from shareholders prior to now.
AMC was a retail dealer favourite final yr — and amongst Yahoo Finance’s prime 3 most searched tickers in 2021.
It has been a risky begin of the yr for so-called meme shares like AMC and GameStop (GME). Shares of the theater chain gained greater than 10% in February after a tough January. Yr-to-date AMC is down greater than 30%.
CEO Adam Aron has leaned into retail enthusiasm. The corporate has expanded into non-fungible tokens (NFTs). Final yr it introduced the creation of shareholder NFTs and revealed crypto funds choices.
In early February AMC introduced preliminary 4th quarter income of about $1.17 billion and adjusted EBITDA between $146.8 million and $151.8 million. These preliminary figures beat Wall Road estimates. Shares rallied on the preliminary launch.
“What was actually spectacular was the working leverage. That they had margins of 13%. On the third-quarter name, they mentioned that EBITDA in this sort of state of affairs the place revenues may very well be basically what they had been, can be break even,” mentioned Macquarie analyst Chad Beynon, who covers the inventory.
“It was a robust EBITDA. This doesn’t change how we’re excited about 2022. Individuals are unclear when it comes to why they pre-announced this morning,” Beynon instructed Yahoo Finance Reside final month. Beynon has an Underperform score on the inventory, and a $6 value goal.
The inventory has 3 Maintain, and 5 Promote suggestions from Wall Road analysts, with a mean value goal of $6.34 per share.
Ines is a markets reporter for Yahoo Finance. Comply with her on Twitter at @ines_ferre
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