AMC Entertainment Q2 revenue hits record, beats estimates
AMC•Outlook and result drivers
The company did not provide specific guidance or outlook in the press release.
Operating leverage — The company said higher revenue demonstrated significant operating leverage in its business model.
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $1.60 bln | $1.47 bln (8 Analysts) |
| Q2 Adjusted EPS | $0.14 |
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell".
The average consensus recommendation for the leisure & recreation peer group is "buy."
Wall Street's median 12-month price target for AMC Entertainment Holdings Inc is $2.25, about 16% above its July 17 closing price of $1.94.
Q2 revenue hits record and beats estimates
US movie theater operator's Q2 revenue hit a record, beating analyst expectations.
The company said significant operating leverage drove improved results.
