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

December 06, 2024 at 02:50 AM EST

AMC Cover Image

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.

AMC Entertainment (NYSE: AMC)

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.

Best Q3: Live Nation (NYSE: LYV)

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.

Weakest Q3: United Parks & Resorts (NYSE: PRKS)

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.

Interestingly, the stock is up 5.1% since the results and currently trades at $59.71.

Read our full analysis of United Parks & Resorts’s results here.

Life Time (NYSE: LTH)

With over 150 locations and gyms that include saunas and steam rooms, Life Time (NYSE: LTH) is an upscale fitness club emphasizing holistic well-being and fitness.

Life Time reported revenues of $693.2 million, up 18.5% year on year. This print was in line with analysts’ expectations. It was a satisfactory quarter as it also logged a decent beat of analysts’ EPS estimates.

The stock is down 5.8% since reporting and currently trades at $23.84.

Read our full, actionable report on Life Time here, it’s free.

European Wax Center (NASDAQ: EWCZ)

Founded by two siblings, European Wax Center (NASDAQ: EWCZ) is a beauty and waxing salon chain specializing in professional wax services and skincare products.

European Wax Center reported revenues of $55.43 million, flat year on year. This result topped analysts’ expectations by 2.3%. It was a strong quarter as it also recorded an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

The stock is down 24.2% since reporting and currently trades at $6.08.

Read our full, actionable report on European Wax Center here, it’s free.

Market Update

In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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