The corporate is prone to see a decline within the backside line when it experiences 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 yr over yr.
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 Notice
The affect 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% yr over yr. 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 strategy of opening most of its theatre sustaining security, cleanliness and social-distancing protocols. These efforts entail excessive prices which might be prone to have weighed on the first-quarter efficiency.
Additionally, the dismal attendance development is predicted to have largely affected the first-quarter 2021 efficiency.
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 (Robust Purchase), 2 (Purchase) or 3 (Maintain) for this to occur. Sadly, that isn’t the case right here, as you will notice under.
Earnings ESP: Earnings ESP for AMC Leisure is -25.49%. You may uncover the very best 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 whole checklist of right this moment’s Zacks #1 Rank shares right here.
Shares With Favorable Mixture
Listed here are some corporations within the Zacks Shopper Discretionary sector, which based on our mannequin, have the correct mixture of components to publish an earnings beat of their respective quarters to be reported.
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