JUMP REPORT
AMC ENTERTAINMENT (AMC)
EARNINGS RELEASE - JUNE 9 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -1.52/share REV: 951.4/M
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LAST QTR: EPS: .02/share ACTUAL: -.13/share (MISS)
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NEXT QTR: EPS: -2.90/share REV: 360.20/M
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FULL YR: EPS: -.5.58/Share REV: 3,250/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 52% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 9.19, 6.81, 10.04
EXPECTED JUMP MOVE: 10-12%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
The release of both concert films has come at a critical time for theaters as the nearly five-month-long writers strike, coupled with the recently concluded actors strike, caused multiple disruptions to the film release schedule.
Beyoncé’s Renaissance Tour concert film, All the Single Ladies, will debut in theaters this weekend to an expected $17-20 million dollars, building off the success of Taylor Swift’s recent concert film, The Era’s Tour. According to Boxofficemojo.com, Taylor Swift’s concert film had an opening weekend of a staggering $92.8 million in over 3,800 theaters. Questions now arise around whether or not Beyoncé’s film can capitalize on this successful trend. Yahoo Finance Senior Reporter Alexandra Canal joins the Live show to discuss Beyoncé’s concert film and its box office potential. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Soaring consumer confidence is likely to help stocks like AMC Entertainment Holdings, Inc. (AMC), NIKE, Inc. (NKE), Royal Caribbean Cruises Ltd. (RCL), Comcast Corporation (CMCSA) and Live Nation Entertainment, Inc. (LYV).
(Reuters) -Retail traders powered a nearly 20% jump in GameStop shares to a two-month high in regular trading on Wednesday, extending a rally ahead of the company’s quarterly results next week and underscoring a return in appetite for risk. “Speculation is back … and GameStop is ground zero for speculation,” Steve Sosnick, chief strategist at Interactive Brokers, said. AMC Entertainment and Cathie Wood’s ARK Innovation ETF – other favorites among retail traders – were up nearly 3.5% and 0.5%, respectively.
AMC Entertainment, DocuSign, Vivid Seats, Lamb Weston and Fiverr International have been highlighted in this Screen of The Week article.
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by Team Stockjumpers