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AMC Entertainment Holdings, Inc. (AMC - Free Report) is scheduled to report first-quarter 2023 results on May 5. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 33.3%.

Q1 Estimates

The Zacks Consensus Estimate for loss per share has narrowed to 17 cents over the past 30 days from 18 cents. In the prior-year quarter, AMC reported an adjusted loss per share of 52 cents. The consensus mark for revenues is pegged at $936.1 million, up 19.1% year over year.

Factors to Note

The company’s results in the to-be-reported quarter are likely to benefit from strength in Admissions, and Food and Beverage revenues. Moreover, an increase in average ticket pricing is likely to have driven revenues. Release of major movie titles also bodes well.

The Zacks Consensus Estimate for Admissions revenues is pegged at $529 million compared with the $444 million reported in the prior-year quarter. The consensus estimate for Food and Beverage revenues is pegged at $310 million compared with $253 million reported in the year-ago quarter. However, high costs are likely to have hurt margins in the quarter under review.

AMC Entertainment Holdings, Inc. Price and EPS Surprise

AMC Entertainment Holdings, Inc. price-eps-surprise | AMC Entertainment Holdings, Inc. Quote

What Our Model Says

Our proven model doesn’t conclusively predict 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: AMC Entertainment has an Earnings ESP of -24.24%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: AMC Entertainment carries a Zacks Rank #3.

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