AMC Leisure Holdings, Inc. AMC is scheduled to report first-quarter fiscal 2021 outcomes on Might 6, after market shut.
The corporate is more likely to see a decline within the backside line when it stories first-quarter 2021 outcomes. Within the final reported quarter, its earnings missed the Zacks Consensus Estimate, nonetheless revenues surpassed the identical by 12.8%. Nonetheless, each the highest and the underside line declined 12 months over 12 months.
The Zacks Consensus Estimate for first-quarter backside line is pegged at a lack of $1.15 per share in contrast with a lack of $2.22 per share within the year-ago quarter. The consensus mark for revenues stands at $147.8 million, indicating a decline of 84.3% from the prior-year quarter.
Elements to Word
The impression of the coronavirus pandemic is predicted to be mirrored in AMC Leisure’s first-quarter outcomes. The pandemic-related disruptions proceed to harm its revenues at admissions, meals and beverage, and different theatre segments. The Zacks Consensus Estimate for Admissions revenues is pegged at $81 million, suggesting a decline of 85.7% from the prior-year quarter. The consensus estimate for Meals and beverage revenues for first-quarter 2021 is pegged at $41 million, indicating a decline of 85.8% 12 months over 12 months. The consensus estimate for different theatre revenues is pegged at $11.2 million, suggesting a decline of 89.4% from the prior-year quarter.
Notably, the corporate is within the means of opening most of its theatre sustaining security, cleanliness and social-distancing protocols. These efforts entail excessive prices which can be more likely to have weighed on the first-quarter efficiency.
Additionally, the dismal attendance development is predicted to have largely affected the first-quarter 2021 efficiency.
AMC Leisure Holdings, Inc. Worth and EPS Shock
What Our Mannequin Signifies
Our confirmed mannequin doesn’t conclusively predict an earnings beat for AMC Leisure this time round. That’s as a result of a inventory must have each a optimistic Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) for this to occur. Sadly, that’s not the case right here, as you will note beneath.
Earnings ESP: Earnings ESP for AMC Leisure is -25.49%. You may uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Zacks Rank: The corporate at present has a Zacks Rank #3. You may see the entire listing of in the present day’s Zacks #1 Rank shares right here.
Shares With Favorable Mixture
Listed below are some corporations within the Zacks Client Discretionary sector, which based on our mannequin, have the correct mixture of parts to put up an earnings beat of their respective quarters to be reported.
Playtika Holding Corp. PLTK has an Earnings ESP of +18.87% and a Zacks Rank #2.
SeaWorld Leisure, Inc. SEAS has an Earnings ESP of +14.01% and a Zacks Rank #3.
Caesars Leisure, Inc. CZR has an Earnings ESP of + 1.69% and a Zacks Rank #3.
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Caesars Leisure, Inc. (CZR): Free Inventory Evaluation Report
AMC Leisure Holdings, Inc. (AMC): Free Inventory Evaluation Report
SeaWorld Leisure, Inc. (SEAS): Free Inventory Evaluation Report
Playtika Holding Corp. (PLTK): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.