Quite a few research analysts have predicted that the stocks of AMC would be posting a sales sum of $362.27 million for the quarter. According to a report, three of the investment analysts have already issued estimates into the earnings of the AMC. The lowest range has been set at $292.60 million, with the highest range set at $397.30 million. The company previously posted a sales sum of $18.90 million, which indicates an increase of 1,816.9%. The company will be putting up its next quarterly report on the 5th of August.
The Quarterly Estimates of AMC
AMC previously updated its quarterly report on the 5th of May. The EPS reported by the company was $1.42 for the quarter, which was more than the consensus estimate of $1.30. The revenue generated by the company during the period was $148.30 million, which was slightly less than the consensus estimate of $161.18 million.
There have been quite a few research equities that have commented on the stocks of AMC. B. Riley has already increased the price target of the company from $13 to $15 with a rating of buy in a Friday research report. Loop Capital has also reiterated a rating of sell, with the price target of $1 in a 7th April research report.
MKM Partners has gone ahead and reduced the price rating of the company to sell with a price target of $1 in a 1st February research report. In the end, Zacks Investment Research also went out and reduced the price rating of the company to hold in a 30th March research report.
Five of the investment analysts have given the company a rating of sell, while five others have given the company a rating of hold. AMC has a hold rating, with a $5.30 price target.
