AMC Entertainment Q2 revenue hits record, beats estimates

AMC Entertainment Holdings, Inc. Class A

AMC Entertainment Holdings, Inc. Class A

AMC

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Overview

  • US movie theater operator's Q2 revenue hit record, beating analyst expectations

  • Company cites significant operating leverage as driver of improved results


Outlook

  • Company did not provide specific guidance or outlook in the press release


Result Drivers

  • OPERATING LEVERAGE - Co said higher revenue demonstrated significant operating leverage in its business model


Company press release: ID:nBw6QP3Fda


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$1.60 bln

$1.47 bln (8 Analysts)

Q2 Adjusted EPS

$0.14


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the leisure & recreation peer group is "buy."

  • Wall Street's median 12-month price target for AMC Entertainment Holdings Inc is $2.25, about 16% above its July 17 closing price of $1.94


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