AMC Stock: 3 Things to Watch When AMC Entertainment Reports Tomorrow
The first metric to look out for with AMC tomorrow is revenue. Analysts expect quarterly revenue of $1.046 billion, which would signal year-over-year (YOY) growth of 5.54% and a quarter-over-quarter decline of 25.61%. For 2023,analysts expect $4.754 billion in revenue, reflecting YOY growth of 21.54%. At the same time, revenue is still expected to be way below 2019’s revenue of $5.471 billion.
Finally we have guidance, which is just as important as earnings. For Q1, revenue is expected to drop by 7.94% YOY to $879 million. Furthermore, GAAP EPS is expected to be a loss of 85 cents while adjusted net income is expected to be a loss of $203 million. Those aren’t exactly encouraging forecasts.$AMC Entertainment (AMC.US)$
Next up is GAAP EPS, which reflects profitability. Unfortunately, AMC is expected to revert back to unprofitability with a forecasted Q4 GAAP EPS loss of 67 cents compared to 8 cents during Q3.Adjusted net income is forecast to be a loss of $142 million, improving from a loss of $153 million a year ago. For the full year, analysts expect AMC to report a GAAP EPS loss of $2.15 compared to a loss of $8.21 a year ago.
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