AMC Entertainment: Possibly Poised For A Blockbuster Earnings Report

Richard Williams profile picture
Richard Williams
489 Followers

Summary

  • The top 10 films are blowing out expectations. This is likely to drive better-than-expected revenue and earnings results, hence our strong buy rating.
  • Seeking Alpha data shows 605% revenue growth and 61% EPS growth year-over-year.
  • Persistence in theaters is impressive, with surprising strength of ticket sales - which clearly include substantial repeat viewings.
  • Technical analysis exhibits a pattern where the shares are poised to rally significantly.

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This article was written by

Richard Williams profile picture
489 Followers
Richard Williams, CFA, CMT has been an enterprise software analyst for 17 years and has been a market technician since 1986. Rich has been selected as a top stock picker many times in bull and bear markets and compiled one of the best track records of any software analyst during his 17+ year tenure as an analyst; he was also named the top software analyst by Bloomberg in 2004.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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