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AMC Entertainment Holdings Inc (NYSE:AMC) shares traded flat Friday afternoon as investors look ahead to the company's third-quarter earnings report, due on Nov. 5th. Analyst estimates are set for a quarterly revenue of $1.24 billion and an EPS loss of 18 cents.
What Else: The upcoming report follows a series of positive operational and financial announcements. Earlier this month, AMC's self-distributed “Taylor Swift | The Official Release Party Of A Showgirl” set records, grossing over $50 million globally in its opening weekend and earning an A+ CinemaScore.
On the balance sheet, AMC also announced it had slashed $40 million in debt through a refinancing agreement, bringing its total debt reduction since the pandemic slump to $183 million.
CEO Adam Aron called the company "well-positioned," stating that 2025 is on pace to be the strongest box office in five years, with an even stronger film slate expected for 2026.
Benzinga Edge Rankings: According to Benzinga Edge rankings, AMC stock currently holds a Growth score of 37.68.
AMC Price Action: AMC Entertainment shares closed down marginally at $2.69 on Friday. The stock is near its 52-week low of $2.45, according to Benzinga Pro data.
Read Also: Taylor Swift’s Economic Era Is Booming—AMC, Universal, And Target Ride The Wave
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in AMC Entertainment’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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Posted In: AMC
