Movie theater AMC Entertainment (AMC) will report Q2 earnings after the market closes

Current Cap IQ Consensus estimates Q2 adj. EPS of $ (0.94) (vs $ (-$5.36) last year) on revs of $382 mln

Last quarter, AMC missed Q1 estimates.

AMC which had its shares trading around $2 in early January quickly surged above 20 during the Gamestop WSB mania that took hold at the end of January.

After that mania, AMC shares then fell back below 10 but it worked way back to the 13/14 level by late May. The AMC community however held strong and after finding that $13/14 floor shares began to move higher. About four months later AMC surged again during the last week of May amid continued diamond handed resolve from the retail investor ape community.

Shares surged more than 500% in the last 2 weeks of May. AMC then filed for an 11.55 mln share equity distribution agreement on June 3. Since that point the stock has not been able to find continued upside.

AMC has since given back around half of those gains since and shares trade around the $33 level heading into tonight's report.

It will be interesting to see if the company can announce anything surprising on the print, or, better yet, if the “community” even cares. I have no dog in the fight but find this wildly entertaining.

TECHS:

If you liked this content please click the ❤️ below and/or share this post.

SHAMLESS PLUGS

CLICK HERE TO CHECK OUT MY 2021 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.

TOTALLY FREE Trading Packet!

Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.

This packet will explain to you in depth how I trade and how I manage my risk.

I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.

Check out the latest episodes on my YouTube above and SoundCloud channel below.