AMC Entertainment Holdings (NYSE:AMC) is expected to surpass Wall Street estimates for its third quarter results, which are scheduled for release on Wednesday, Wedbush analysts believe.
The analysts see AMC posting revenue of $1.25 billion and adjusted EBITDA of $120 million, both above consensus estimates of $1.23 billion and $97 million, respectively.
They expect EPS of $0.20, up from their earlier estimate of $0.15, which is in line with the consensus.
“Our estimates assume Q3 domestic admissions revenue per screen of down 11% year-over-year versus North American industry down 11%, reflecting 21.2% of Q3 North American box office,” Wedbush noted. The firm added that AMC’s international admissions revenue per screen could grow 7% year-over-year, a figure “likely offsetting some domestic upside.”
The analysts highlighted factors supporting a positive outlook on AMC, including that the company is poised to benefit from a more consistent release slate over the next several quarters. “[AMC] is positioned to gain market share in 2026 with the most premium screens in North America and expansion plans in UK/EU,” they wrote.
They also noted that AMC “repaid or postponed all debt that was due in 2026, relieving near-term uncertainty,” and suggested the company is likely to complete the last share issuance for a while in December, “putting a significant headwind behind it.”
Wedbush also noted AMC’s ongoing efforts to optimize its theater portfolio. “[AMC] will continue to close unproductive doors as it shores up its balance sheet in 2025, while investing in its most productive theaters to drive more revenue per screen, which is trending 3% higher than 2019 before incremental investments,” they wrote.
Pointing to a stabilized box office environment and recovering free cash flow, the firm repeated its $4.50 price target and ‘Outperform’ rating.
AMC shares traded hands at $2.55 on Tuesday afternoon, down about 36% in the year to date.