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Meme Mania (AMC Earnings)

Movie theater chain AMC Entertainment (AMC) will report Q3 earnings after the market closes

Current Cap IQ Consensus estimates Q3 adj. EPS of -$0.53 (vs -$8.41 last year) on revs of $708 mln +493%

AMC is one of the original "Meme" stocks.

  • Share prices have quadrupled since becoming mainstream meme.

AMC has a $22.5 bln market cap and has a short interest of 18% of its ~512 mln float

TECHS:

Last quarter, shares sold off ~6% despite beating Q3 estimates.

Shares have appreciated ~40% since then as movie studios have resumed releasing major films in movie theaters during the quarter.


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