AMC Entertainment (AMC) Stock Eyes Q1 Earnings After Devil Wears Prada 2 Success
AMC Entertainment shares initially surged 5.2% after 'The Devil Wears Prada 2' generated $233 million globally during its debut weekend. The company is set to release its Q1 2025 financial results on Tuesday, with analysts forecasting an 11.2% revenue expansion year-over-year.
AMC Entertainment shares rose 5.2% initially on Monday after 'The Devil Wears Prada 2' accumulated $233 million in worldwide ticket sales during its opening weekend. The sequel drew $77 million from North American theaters alone, attracting over 4.4 million visitors to AMC locations. By market close, shares retreated to $1.47, a 0.3% gain, and remain 63.5% below the 52-week peak of $4.01. AMC is set to unveil its Q1 2025 financial performance on Tuesday after markets close, with analysts anticipating an 11.2% revenue increase year-over-year. The company had previously surpassed earnings per share and revenue projections, delivering $1.29 billion in sales. The consensus analyst price target stands at $1.92, suggesting approximately 30% potential upside.
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