Wedbush Forecasts AMC Entertainment’s Q4 Earnings (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) – Analysts at Wedbush cut their Q4 2024 earnings per share estimates for shares of AMC Entertainment in a note issued to investors on Monday, November 4th. Wedbush analyst A. Reese now forecasts that the company will post earnings of ($0.08) per share for the quarter, down from their previous estimate of $0.04. Wedbush has a “Neutral” rating and a $4.00 price objective on the stock. The consensus estimate for AMC Entertainment’s current full-year earnings is ($1.36) per share. Wedbush also issued estimates for AMC Entertainment’s Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.50) EPS and FY2026 earnings at ($0.21) EPS.

AMC has been the subject of a number of other reports. Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday. B. Riley dropped their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Morgan Stanley reduced their price objective on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, AMC Entertainment presently has a consensus rating of “Hold” and a consensus target price of $5.44.

AMC Entertainment Stock Performance

AMC opened at $4.30 on Thursday. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The company’s 50 day simple moving average is $4.51 and its 200 day simple moving average is $4.65. The stock has a market capitalization of $1.55 billion, a PE ratio of -2.92 and a beta of 1.83.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMC. KBC Group NV acquired a new position in shares of AMC Entertainment during the third quarter worth $37,000. Skylands Capital LLC acquired a new position in AMC Entertainment in the 2nd quarter worth $50,000. Creative Planning acquired a new position in AMC Entertainment in the 3rd quarter worth $48,000. Amalgamated Bank boosted its position in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of AMC Entertainment during the third quarter valued at about $55,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.