TLDR
- AMC stock jumped 5.2% after “The Devil Wears Prada 2” drew 4.4 million guests and earned $233 million worldwide in its opening weekend.
- The stock cooled to $1.47, up just 0.3% by end of session, trading 63.5% below its 52-week high of $4.01.
- AMC reports earnings Tuesday after the bell, with analysts expecting 11.2% year-on-year revenue growth.
- Last quarter, AMC beat EPS estimates and revenue expectations, reporting $1.29 billion in revenue.
- Analysts have an average price target of $1.92 on AMC, versus the current price of $1.48.
AMC Entertainment stock got a Monday morning bump after “The Devil Wears Prada 2” kicked off the summer movie season with a $233 million global opening weekend, including $77 million domestically. That drew more than 4.4 million guests to AMC theaters.
AMC Entertainment Holdings, Inc., AMC
The stock opened up 5.2% but gave back most of those gains by session close, settling at $1.47 — up just 0.3% from its previous close.
AMC is down 9% year-to-date and trades 63.5% below its 52-week high of $4.01, hit in May 2025. For context, a $1,000 investment five years ago would be worth just $17.68 today.
The sequel marks the fifth film in 2026 to open with at least $60 million domestically, adding to what has been a strong year for the domestic box office.
That momentum builds on a record-setting Easter weekend earlier in the year, and aligns with management’s previous guidance for a materially stronger North American box office in 2026 compared to 2025.
Earnings Due Tuesday
AMC reports Q1 2025 earnings after the bell on Tuesday. Wall Street is expecting revenue to grow 11.2% year-on-year — a sharp reversal from the 9.3% decline recorded in the same quarter last year.
Last quarter, AMC posted $1.29 billion in revenue, beating analyst estimates despite a 1.4% year-on-year dip. The company also beat EPS estimates but missed on adjusted operating income.
Analysts have broadly held their estimates steady over the past 30 days, suggesting no major surprises expected. AMC rarely misses on revenue.
The average analyst price target sits at $1.92, compared to the current price of $1.48 — implying roughly 30% upside if analysts are right.
Volatile by Nature
AMC stock has made moves of 5% or more on 31 separate occasions over the past year. Monday’s early pop fits the pattern, but the fade back to flat suggests the market sees the box office news as a positive signal rather than a fundamental shift.
The last notable move came 12 days ago, when the stock gained 3.3% following news of an indefinite ceasefire extension between the U.S. and Iran.
Peers in the consumer discretionary space have had a strong few weeks. Rush Street Interactive surged 16.6% after reporting 41.1% revenue growth, while Monarch rose 15.9% on an 8.9% revenue beat. The sector is up around 7% on average over the past month — AMC has outperformed that, up 18.3%.
AMC has an average analyst price target of $1.92. The stock last traded at $1.47.
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