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AMC Entertainment Reports Earnings Tuesday. Investors Mostly Know What to Expect.

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AMC Empire 25 in New York

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AMC Entertainment Holdings

is set to report fourth-quarter results Tuesday, but investors already have a good idea of what to expect. Therefore, the company’s quarterly conference call will be worth a listen.

At the start of February, the movie theater chain released preliminary results which included total revenue of about $1.17 billion and a net loss between $194.8 million and $114.8 million. Adjusted earnings before interest, taxes, depreciation, and amortization was forecast between $146.8 million and $151.8 million. Shares of AMC (ticker: AMC) initially soared on that news as investors cheered improvements in the firm’s underlying business.

The company’s earnings call with analysts may be the most exciting moment. In recent quarters, the firm has taken questions submitted online by individual investors. AMC CEO Adam Aron has leaned into his company’s massive base of retail investors, who had rallied together on social media sites hoping to thwart short-sellers who were betting against AMC stock.

Following a tough January, AMC stock thrived amid February’s market mayhem. The shares rose more than 15% during the month, their best month since August 2021 when they rose 27%. The stock is still down more than 30% year to date.

The company also has made progress refinancing debt from earlier during the pandemic, when its prospects were more dire. It’s also beefing up growth initiatives, including non-fungible token efforts and plans to sell AMC-branded popcorn in grocery stores. Expect to hear more about such efforts during the company’s call. In terms of stock moves — as always — buckle up for some meme-fueled volatility.

Write to Connor Smith at connor.smith@barrons.com

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