AMC Entertainment (AMC) To Post Q4 Earnings: What's In Store?

Photo by Donreál Lunkin on Unsplash


AMC Entertainment Holdings, Inc. (AMC - Free Report) is scheduled to report fourth-quarter 2022 results on Feb 28. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 20%.


Q4 Estimates

For the quarter to be reported, the Zacks Consensus Estimate for the loss per share has widened to 20 cents over the past 30 days from 17 cents. In the prior-year quarter, the company reported an adjusted loss per share of 11 cents. The Zacks Consensus Estimate for revenues is pegged at $1.03 billion, suggesting an 11.7% year-over-year decline.


Factors to Note

Dismal Admissions, as well as Food and Beverage revenues, are expected to have negatively impacted AMC’s performance. However, increased average ticket pricing is likely to have aided the company.

The Zacks Consensus Estimate for Admissions’ and Food and Beverage’s revenues are pegged at $657 million and $369 million compared with the $667 million and $381 million reported in the prior-year quarter, respectively.

High costs are likely to have dented the margin in the quarter. AMC Entertainment has been 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-eps-surprise | AMC Entertainment Holdings, Inc. Quote


More By This Author:

Why Investors Should Add Visa Stock To Their Portfolio
Bausch Health's (BHC) Q4 Earnings & Sales Beat, Shares Up
4 Sectors Warren Buffett Loves: ETFs In Focus

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.