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AMC Entertainment Q3 revenue beats estimates on strong attendance

By Reuters News


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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