Leisure Facilities Stocks Q3 In Review: AMC Entertainment (NYSE:AMC) Vs Peers

Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at AMC Entertainment (NYSE:AMC) and its peers.

Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from “things” to “experiences”. Leisure facilities seek to benefit but must innovate to do so because of the industry’s high competition and capital intensity.

The 10 leisure facilities stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 1.8% while next quarter’s revenue guidance was 4.5% below.

In light of this news, share prices of the companies have held steady as they are up 3.1% on average since the latest earnings results.

With a profile that was raised due to meme stock mania beginning in 2021, AMC Entertainment (NYSE:AMC) operates movie theaters primarily in the US and Europe.

AMC Entertainment reported revenues of $1.35 billion, down 4.1% year on year. This print exceeded analysts’ expectations by 1.1%. Overall, it was a strong quarter for the company with a solid beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates.

Interestingly, the stock is up 14% since reporting and currently trades at $5.22.

Is now the time to buy AMC Entertainment? Access our full analysis of the earnings results here, it’s free.

Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE:LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows.

Live Nation reported revenues of $7.65 billion, down 6.2% year on year, falling short of analysts’ expectations by 2.1%. However, the business still had an exceptional quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

The market seems happy with the results as the stock is up 8% since reporting. It currently trades at $133.85.

Is now the time to buy Live Nation? Access our full analysis of the earnings results here, it’s free.

Parent company of SeaWorld and home of the world-famous Shamu, United Parks & Resorts (NYSE:PRKS) is a theme park chain featuring marine life, live entertainment, roller coasters, and waterparks.

United Parks & Resorts reported revenues of $545.9 million, flat year on year, falling short of analysts’ expectations by 0.8%. It was a slower quarter as it posted a miss of analysts’ adjusted operating income estimates.

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