AMC Entertainment Q3 revenue beats estimates on strong attendance
Overview
US movie theater operator's Q3 revenue hit record high, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company achieved second consecutive quarter of record revenue and adjusted EBITDA
Outlook
Company did not provide specific guidance for future quarters or the full year in the press release
Result Drivers
RECORD ATTENDANCE - Co attributed record revenue to strong attendance and guest engagement initiatives
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.71 bln | $1.54 bln (8 Analysts) |
Q3 Adjusted EPS | Beat | $0.13 | $0.04 (6 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "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 $3.25, about 0.9% below its November 3 closing price of $3.28
Reuters Recommended Reads
Nov 3 - Cinemark posts record Q3 revenue, net income up 146%
Nov 3 - Cinemark Holdings Q3 revenue beats estimates
Nov 4 - Sports and entertainment firm TKO Group's Q3 revenue rises but misses estimates
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)