AMC Entertainment Holdings Inc (NYSE:AMC) shares are down on Tuesday, after gaining during the premarket session as the market reacts to the company’s impressive quarterly results reported on Monday.
The stock’s positive momentum follows a report that highlighted AMC’s record revenue and EBITDA, showcasing its resilience in the post-COVID landscape as moviegoers return to theaters in droves.
Results Drive Record Revenue And EBITDA
AMC announced its highest quarterly revenue in company history, driven by a strong lineup of films and robust food and beverage sales.
The largest cinema chain operator’s revenue rose 14.2% year over year (Y/Y) to $1.60 billion, exceeding estimates of $1.47 billion. This is supported by higher attendance, box office growth, and increased per-guest spending.
Adjusted EPS of 14 cents surpassed the analyst expectations for a loss of six cents per share.
Adjusted EBITDA rose 70% to a record $321.4 million, surpassing $300 million for the first time and improving $131.9 million from the prior-year quarter.
CEO Adam Aron emphasized the company’s success in attracting audiences back to theaters, declaring victory over the competition from at-home viewing options.
"We’re within sight of being cash flow positive, not for a quarter, but for a year," Aron said during the earnings call. He later acknowledged the company is "not quite at the promised land yet… but we’re ever so close."
Outlook
AMC expects continued growth from a strong 2026 film lineup, including Universal and Christopher Nolan’s "The Odyssey," which delivered approximately $124 million in domestic opening weekend revenue, along with Sony’s "Spider-Man: Brand New Day," Warner Bros.’ "Dune Part 3," and Disney’s "Doomsday."
Management expects 2026 to be the strongest post-pandemic year for both domestic and global box office performance.
AMC Technical Outlook: Momentum Improves Above Key Averages
The stock is currently trading at $2.46, which is approximately 36% above its 200-day simple moving average (SMA) of $1.82. The moving average convergence divergence (MACD) is above its signal line, indicating that downside pressure is easing and momentum is improving compared to the prior downswing.
AMC’s 12-month performance shows a decline of about 28.49%, but recent price action has been more favorable, with the stock trading significantly above its 20-day SMA of $2.01 and 50-day SMA of $1.88. The recent golden cross in July, where the 50-day SMA crossed above the 200-day SMA, further supports the bullish sentiment.
Key Resistance: $3.60 — This level marks the 52-week high, indicating strong selling interest may emerge here. Key Support: $1.88 — This level aligns with the 50-day SMA, providing a potential floor for price action.
AMC Analyst Ratings
Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price forecast of $1.80. Recent analyst moves include:
- Wedbush: Outperform (Raises Forecast to $4) (July 21)
- Macquarie: Neutral (Raises Target to $2.00) (July 8)
- Citigroup: Sell (Raises Target to $1.20) (May 7)
- Benchmark: Upgraded to Buy (Target $2.50) (May 6)
AMC Price Action: AMC Entertainment Hldgs shares were down 2.97% at $2.38 at the time of publication on Tuesday, according to Benzinga Pro data.
Photo via Shutterstock