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AMC Theatres Analysts Lower Estimates, Highlight Risks
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hollywoodreporter.com
hollywoodreporter.comWith exhibition giant AMC Theatres' first-quarter results in the books, Wall Street analysts on Wednesday dissected the figures and management commentary, with their main takeaway being caution. "AMC remains a high risk story," MKM Partners analyst Eric Handler concluded in a report published early on Wednesday, even though he also emphasized that "the company appears sufficiently capitalized to avoid bankruptcy in 2020." He lowered his 2020 and 2021 financial estimates "to reflect changes to our forecasted revenue for both the U.S.
and European box office." Eric Wold, analyst at B. Riley FBR, also cut his estimates and told investors: "We remain cautious on the company's outlook as well as that of the industry ahead of theater re-openings.
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