AMC earnings: Movie chain posts 'strongest quarterly results in two full years'

In early February $AMC Entertainment(AMC.US)$ announced preliminary 4th quarter revenue of about $1.17 billion and adjusted EBITDA between $146.8 million and $151.8 million. Those preliminary figures beat Wall Street estimates. Shares rallied on the initial release.

“What was really impressive was the operating leverage. They had margins of 13%. On the third-quarter call, they said that EBITDA in this kind of scenario where revenues could be essentially what they were, would be break even,” said Macquarie analyst Chad Beynon following the preliminary release.

Beynon has an Underperform rating on the stock, and a $6 price target.

The stock has 3 Hold, and 5 Sell recommendations from Wall Street analysts, with an average price target of $6.34 per share.