AMC

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Enterprise daily orders grew 8.8% in Q2, driven by broad-based strength in secular markets like data centers, aerospace, and discrete automation. Management intentionally slowed certain productivity initiatives to prioritize service levels and capture higher-than-expected growth, particularly within the AMC segment. AMC organic sales surged over 15%, reflecting successful execution of backlog and market share gains in high-growth sectors. PES performance was hampered by weakness in residential HVAC and pool markets, attributed to a soft housing market and excess channel inventory. IPS growth was led by energy markets and data center demand, though overall segment performance was muted by the roll-off of large mining projects. The company is successfully deleveraging, expecting to reach a net debt leverage ratio below 3x in the second half of 2026. New CEO Aamir Paul emphasized a 'listen and learn' phase focused on leveraging the company's manufacturing scale and strong channel positions. Full-year 2026 sales guidance remains at $6.2 billion, with stronger AMC growth offsetting softer outlooks for PES and IPS. Adjusted EBITDA margin guidance was revised to 22.1% to account for a lag in price realization against inflation and delayed productivity gains. Free cash flow guidance was lowered to $600 million to fund incremental working capital required by the higher growth trajectory in AMC. Management expects a significant step-up in 2027 performance, supported by an IPS shippable backlog that is 20% higher than the prior year's levels. The ePOD modular data center solution is expected to contribute $15 million in revenue in Q4 2026, with a larger ramp anticipated for 2027. Guidance now incorporates $48 million in IEEPA tariff refunds, with $32 million realized in Q2 and $16 million scheduled for the second half. Higher-than-anticipated inflation in material, freight, and energy costs is creating a temporary headwind to margin expansion. Rare earth magnet supply remains a constraint for defense applications due to slow regulatory approval processes, potentially limiting upside in that sector. Section 232 tariff changes caused 'incremental friction' in the PES segment as OEMs delayed orders to reevaluate production plans. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management explained that the gap is primarily due to timing, with a significant portion of current orders tied to long-cycle projects for 2027 delivery. IPS is experiencing a temporary 'air pocket' as old mining projects roll off before new project wins begin shipping next year. CEO Aamir Paul clarified that the company chose to delay certain footprint consolidations to ensure they did not disrupt the accelerating growth curve. The priority is to maintain customer trust and delivery reliability while transitioning the organization into a higher growth mode. The new facility is on schedule and nearly operational, with the first $15 million in revenue expected in Q4 2026. Management expects additional ePOD orders late this year or early next, noting that hyperscalers are seeking modular solutions to accelerate 'time to power'. Management acknowledged a lag in price realization due to contractual mechanisms with channel partners, while inflationary costs are immediate. They expect to remain in a modest price/cost headwind for the second half and expect to be a bit behind on price/cost neutrality by year-end, though they are implementing surcharges and price increases to mitigate the impact.

Mattel, Inc. MAT reported second-quarter 2026 results, with adjusted earnings missing the Zacks Consensus Estimate but net sales surpassing the same. Revenues improved, while the bottom line declined sharply from the prior-year quarter.The company posted adjusted earnings of 1 cent per share, down from 21 cents a year earlier. The figure missed the Zacks Consensus Estimate of 3 cents by 66.7%, as higher advertising, selling and administrative expenses and margin pressure weighed on profitability. Mattel, Inc. price-consensus-eps-surprise-chart | Mattel, Inc. Quote Net sales of $1.13 billion increased 10% year over year and surpassed the consensus mark of $1.08 billion by 4.2%. Growth was led by North America, Vehicles and the Action Figures, Building Sets, Games and Other category. Vehicles gross billings rose 11% in constant currency. North America net sales increased 12% year over year. International net sales advanced 9% as reported and 5% in constant currency, supporting broad-based top-line growth during the quarter.Regional gross billings increased in North America, EMEA and Asia Pacific. North America gross billings rose 12% in constant currency to $613 million, while EMEA increased 7% to $363 million. Latin America was comparable at $165 million, and Asia Pacific advanced 4% to $126 million. Management believes U.S. retailer ordering patterns have now largely stabilized. Worldwide Vehicles gross billings increased 14% as reported and 11% in constant currency to $463 million, primarily driven by Hot Wheels. The company expects Hot Wheels to achieve its ninth consecutive record year, supported by demand from children and adult collectors.Action Figures, Building Sets, Games and Other gross billings surged 35% as reported and 33% in constant currency to $358 million. Growth was reflected in Games, including the contribution from Mattel's 163 digital titles, and Action Figures tied to theatrical releases. Mattel Brick Shop also performed well during the quarter. Dolls gross billings declined 5% as reported and 7% in constant currency to $318 million, primarily due to lower Barbie sales. Weakness in Barbie and Polly Pocket was partly offset by growth in K-Pop Demon Hunters and Disney Princess and Frozen products. Management expects Barbie to return to growth in 2027.Infant, Toddler and Preschool gross billings fell 11% as reported and 13% in constant currency to $128 million, mainly reflecting a decline in Fisher-Price. However, Little People delivered high-double-digit growth, aided by new partnerships. Adjusted gross margin declined 260 basis points year over year to 48.6%. The contraction reflected the gross incremental cost of tariffs, inflation, higher royalties and unfavorable foreign exchange. Contributions from Mattel163, tariff-mitigation efforts and cost savings provided partial offsets.Advertising expenses increased $45.2 million to $124.3 million, reflecting Mattel163, marketing and engagement activities and strategic investments. Adjusted selling and administrative expenses rose 11% to $383.6 million. Consequently, adjusted operating income declined 60% to $38.8 million, while adjusted EBITDA fell to $95.5 million from $170 million. For the first six months of 2026, cash flows used for operating activities were $202.1 million, compared with $275.3 million a year earlier. The improvement reflected more favorable working-capital usage, partly offset by lower net income excluding noncash items.Mattel ended the quarter with $523.9 million in cash and equivalents, $829.8 million in inventories and $2.33 billion in long-term debt. The company repurchased $100 million of shares during the quarter, bringing the year-to-date total to $300 million. Management reaffirmed its 2026 outlook, projecting constant-currency net sales growth of 3% to 6%. Adjusted gross margin is expected to be approximately 50%, while adjusted operating income is forecast between $580 million and $630 million.Mattel continues to expect adjusted earnings of $1.27-$1.39 per share and an adjusted tax rate of approximately 24%. The company also reaffirmed its $400 million share-repurchase target for the year. MAT currently has a Zacks Rank #3 (Hold).Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, The Marcus Corporation MCS and AMC Entertainment Holdings, Inc. AMC.Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Life Time Group delivered a trailing four-quarter earnings surprise of 9.5%, on average. The stock has surged 66.6% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.5% and 19.4%, respectively, from the year-ago levels.Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 34.2%, on average. The stock has jumped 100.9% in the year-to-date period.The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 8.3% and 605.9%, respectively, from the year-ago period’s levels.AMC Entertainment presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 75.7% in the year-to-date period.The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mattel, Inc. (MAT) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wynn Resorts, Limited WYNN reported second-quarter 2026 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.Management highlighted healthy demand across the business, including a monthly Adjusted Property EBITDAR record in Las Vegas during May and strong performance in Macau. Wynn Palace led the quarter’s growth, with revenues rising 21.1% and Adjusted Property EBITDAR increasing 28.2% year over year. In the second quarter, the company reported adjusted earnings per share of $1.24, beating the Zacks Consensus Estimate of $1.01 by 22.8%. In the prior-year quarter, Wynn Resorts reported adjusted earnings of $1.09 per share.Quarterly operating revenues of $1.86 billion surpassed the consensus mark of $1.84 billion by 0.9%. The top line increased 6.9% from $1.74 billion reported in the year-ago quarter. Wynn Resorts, Limited price-consensus-eps-surprise-chart | Wynn Resorts, Limited Quote In the second quarter, Wynn Palace’s operating revenues amounted to $653.4 million compared with $539.6 million in the prior-year quarter. Casino revenues increased 25.9% year over year to $564.4 million, while food and beverage revenues rose 4.4% to $31.8 million.Rooms and entertainment, retail and other revenues declined 6% each to $36.2 million and $21.1 million, respectively. Adjusted Property EBITDAR increased to $201.5 million from $157.2 million, with the margin improving to 30.8% from 29.1%.In the VIP segment, table games turnover declined 32% year over year to $2.77 billion. The VIP table games win rate was 2.97% compared with 2.86% in the prior-year quarter and remained below the property’s expected range of 3.1% to 3.4%.Mass-market table drop increased 3% to $1.9 billion, while table games win rose 36.9% to $563.3 million. The mass-market table games win percentage improved to 29.7% from 22.3%. RevPAR declined 5.7% to $216, while occupancy was 98.9%. In the second quarter, Wynn Macau generated operating revenues of $351.1 million compared with $343.8 million reported in the prior-year quarter. Casino revenues increased 2.5% to $300.7 million, while entertainment, retail and other revenues rose 8.7% to $12.7 million.Rooms and food and beverage revenues declined 3.8% and 1.5% to $20.9 million and $16.8 million, respectively. Adjusted Property EBITDAR declined 1% to $95.5 million from $96.5 million.VIP table games turnover fell 56.4% year over year to $428.1 million. The VIP win rate declined to 2.58% from 3.41% and remained below the expected range.Mass-market table drop rose 8.3% to $1.75 billion, and table games win increased 6.9% to $300.2 million. Slot machine handle advanced 18%, while slot machine win climbed 38.6%. RevPAR declined 3.3% to $208. In the second quarter, operating revenues from Las Vegas Operations totaled $643.2 million compared with $638.6 million in the prior-year quarter. Casino revenues increased 6.5% to $158.1 million, while room revenues edged up 0.1% to $208.1 million.Food and beverage revenues rose 0.4% to $195.7 million. Entertainment, retail and other revenues declined 6.9% to $81.2 million. Adjusted Property EBITDAR decreased 8.3% to $215.2 million, with the margin contracting to 33.5% from 36.8%.Table drop increased 4.8% year over year to $638.2 million, while table games win rose 14.8% to $152.7 million. The table games win percentage improved to 23.9% from 21.8%.RevPAR increased 2.5% to $501, while the average daily rate rose 4.9% to $575. Occupancy declined to 87.1% from 89.2% in the year-ago quarter. In the second quarter, Encore Boston Harbor’s operating revenues amounted to $209.3 million compared with $215.7 million in the prior-year quarter. Casino revenues fell 5.9% to $152.1 million.Rooms and food and beverage revenues increased 9.7% and 7.4% to $25.1 million and $20.1 million, respectively. Entertainment, retail and other revenues declined 3.9% to $12 million.Adjusted Property EBITDAR decreased 12.2% to $56.1 million from $63.9 million. The table games win percentage fell to 18.1% from 21.3%.RevPAR increased 9.6% to $412, while the average daily rate rose 9.9% to $445. Occupancy was 92.7% compared with 92.9% in the prior-year quarter. In the second quarter, Adjusted Property EBITDAR totaled $568.3 million compared with $552.4 million in the year-ago quarter. The consolidated margin declined to 30.6% from 31.8%.Operating income increased to $297.6 million from $264.6 million reported in second quarter 2025. Net income attributable to Wynn Resorts rose to $140.1 million from $66.2 million reported in the prior year quarter. As of June 30, 2026, cash and cash equivalents totaled $1.57 billion, excluding $527.4 million of short-term investments held by Wynn Macau. Total current and long-term debt outstanding was $10.72 billion.The company repurchased 741,098 shares for $75 million during the quarter. Wynn Resorts also declared a cash dividend of 25 cents per share, payable Aug. 28, 2026. Wynn Al Marjan Island is expected to open in September 2027. Wynn Resorts currently has a Zacks Rank #4 (Sell).Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, The Marcus Corporation MCS and AMC Entertainment Holdings, Inc. AMC. Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. Life Time Group delivered a trailing four-quarter earnings surprise of 9.50%, on average. The stock has surged 68.3% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.5% and 19.4%, respectively, from the year-ago levels. Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 34.2%, on average. The stock has gained 100.7% in the year-to-date period. The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 8.3% and 605.9%, respectively, from the year-ago period’s levels.AMC Entertainment presently has a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 71.8% in the year-to-date period. The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wynn Resorts, Limited (WYNN) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Marriott International, Inc. MAR reported second-quarter 2026 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same. Adjusted earnings of $3.19 per share surpassed the consensus estimate of $3.06 by 4.2% and increased 20.4% year over year. Revenues of $7,071 million missed the consensus mark of $7,260 million by 2.6% but rose 4.8%. The results benefited from higher fee revenues, room growth and improved worldwide RevPAR, which increased 3.4%. Adjusted net income amounted to $844 million, up 16% from $728 million in the prior-year quarter. Adjusted operating income increased 12% year over year to $1.33 billion. Gross fee revenues totaled $1.58 billion, reflecting an increase of 13% from the year-ago quarter. Franchise fees rose 19% to $1.02 billion, primarily driven by higher co-branded credit card fees, room growth and increased RevPAR. Base management fees were $343 million, up 1% year over year. Incentive management fees increased 6% to $212 million, aided by strong growth in the United States and Canada, partly offset by declines in Europe, the Middle East and Africa. Marriott International, Inc. price-consensus-eps-surprise-chart | Marriott International, Inc. Quote Worldwide comparable systemwide RevPAR increased 3.4% in constant dollars year over year. The upside was backed by a 3.5% increase in average daily rate, while occupancy declined 0.1 percentage points to 71.6%. Comparable systemwide RevPAR in the United States and Canada rose 5%. Average daily rate increased 4.7%, while occupancy improved 0.2 percentage points to 74%. The luxury category led the region, with composite luxury RevPAR advancing 9.1%. International comparable systemwide RevPAR declined 0.5%. Europe RevPAR rose 4.2%, while Greater China and Asia Pacific excluding China increased 3.2% and 5.3%, respectively. Caribbean and Latin America RevPAR gained 3%. Middle East and Africa RevPAR fell 33.1%, reflecting conflict-related headwinds. Occupancy in the region declined 15.8 percentage points, while average daily rate decreased 12.1%. General and administrative expenses totaled $220 million compared with $210 million in the prior-year quarter. The increase reflected higher compensation costs, partly driven by timing. Depreciation, amortization and other expenses increased to $115 million from $53 million. The rise primarily resulted from a $68 million impairment charge related to the sale of a U.S. and Canada hotel. Adjusted operating margin expanded to 66% from 65% a year ago. Adjusted EBITDA amounted to $1.59 billion, up 13% from $1.42 billion in the second quarter of 2025. At the end of the second quarter, Marriott's total debt was $16.9 billion compared with $16.2 billion at the end of 2025. Cash and equivalents totaled $0.5 billion, up from $0.4 billion at the end of 2025. The company repurchased 3 million shares for $1.1 billion during the quarter. Year to date through July 29, 2026, Marriott repurchased 6.2 million shares for $2.2 billion. The company returned approximately $2.6 billion to shareholders through dividends and share repurchases during the same period. Marriott added roughly 17,900 net rooms during the quarter, including approximately 11,000 net rooms in international markets. Net rooms grew 4.5% from the end of the second quarter of 2025. At quarter-end, the company's global system comprised more than 10,000 properties and nearly 1.81 million rooms. Marriott Bonvoy membership exceeded 295 million. The worldwide development pipeline reached a record 4,186 properties and approximately 629,000 rooms. The pipeline included 1,757 properties with more than 279,000 rooms under construction. Conversions remained an important growth driver, representing more than one-third of signings and 40% of openings in the first half of 2026. For the third quarter of 2026, Marriott expects worldwide RevPAR growth of 3.5-4%. Gross fee revenues are projected between $1.47 billion and $1.48 billion. Adjusted EBITDA is anticipated in the range of $1.44-$1.47 billion. Adjusted earnings are expected between $2.74 and $2.82 per share. For 2026, management raised its worldwide RevPAR growth forecast to 3-3.5%. Gross fee revenues are expected between $6.03 billion and $6.06 billion, while adjusted EBITDA is projected in the range of $5.97-$6.03 billion. The company expects adjusted earnings of $11.64-$11.81 per share. Net room growth is anticipated at the low end of the 4.5-5% range, while capital returns to shareholders are projected to exceed $4.5 billion. MAR currently has a Zacks Rank #3 (Hold). Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, The Marcus Corporation MCS and AMC Entertainment Holdings, Inc. AMC. Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Life Time Group delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 69.6% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.3% and 18.1%, respectively, from the year-ago levels. Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 34.2%, on average. The stock has gained 87.6% in the year-to-date period. The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 6.3% and 211.8%, respectively, from the year-ago period’s levels. AMC Entertainment presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 80.8% in the year-to-date period. The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marriott International, Inc. (MAR) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Live Nation Entertainment, Inc. LYV reported second-quarter 2026 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased year over year.Live Nation’s performance benefited from strong global demand for live events, record second-quarter attendance and solid Ticketmaster growth. International markets supported expansion across the company’s operating segments, while concert profitability was affected by show timing and venue investments. The company reported earnings of $1.05 per share, which surpassed the Zacks Consensus Estimate of 59 cents by 77.97%. The figure increased 156.1% from 41 cents reported in the year-ago quarter. Live Nation Entertainment, Inc. price-consensus-eps-surprise-chart | Live Nation Entertainment, Inc. Quote Revenues of $7.67 billion beat the consensus mark of $7.53 billion by 1.8%. The top line increased 9.4% year over year. Operating income rose 7.2% to $521.9 million, while adjusted operating income increased 2.3% to $817 million. Concerts: Segmental revenues totaled $6.44 billion, up 8.4% year over year. Fan count increased 10% to nearly 49 million, marking the company’s highest second-quarter attendance. International attendance at stadiums, arenas and festivals increased more than 20%.Concerts adjusted operating income declined 13.7% to $309.6 million. Results were affected by the timing of stadium shows, venue pre-opening costs and investments in new international festivals. Event-related deferred revenues rose 25% to a record $6.4 billion.Ticketing: Revenues amounted to $852.2 million, up 14.7% from the prior-year quarter. Adjusted operating income increased 14.1% to $331 million.Ticketmaster sold 90 million fee-bearing tickets, up 8%. Concert ticket volume advanced 11% and accounted for 90% of the overall ticket-volume increase. Fee-bearing gross transaction value rose 15% to more than $10 billion, while deferred service-fee revenues increased 23% to $390 million.Sponsorship & Advertising: Revenues totaled $383 million, up 12.5% year over year. Adjusted operating income increased 12.9% to $256.9 million.International markets and the expanding venue and festival portfolio supported growth. The number of strategic partners generating more than $1 million in annual revenues increased more than 20%. The company had booked 95% of its 2026 sponsorship commitments. Live Nation’s cash and cash equivalents totaled $9.07 billion as of June 30, 2026, up from $7.09 billion at the end of 2025. Deferred revenues increased to $7.33 billion from $4.46 billion over the same period.For the six months ended June 30, 2026, net cash provided by operating activities was $2.76 billion compared with $1.54 billion in the prior-year period. Purchases of property, plant and equipment totaled $598.5 million, up from $434.2 million a year earlier. The company expects full-year fan attendance to increase 10%. Attendance at operated venues is projected to grow at a double-digit rate, while attendance at third-party venues is expected to rise at a high-single-digit pace.Concerts revenues and adjusted operating income are expected to increase at a double-digit rate, with most of the year-over-year profit improvement anticipated in the fourth quarter. Ticketmaster adjusted operating income is projected to grow at a mid-single-digit rate, while Sponsorship adjusted operating income is expected to advance double digits.Live Nation expects full-year capital expenditures of $1.1 billion, toward the lower end of its initial range. Approximately $800 million is allocated to venue expansion and enhancement projects. The pipeline includes more than 25 large venues scheduled to open through 2027, providing capacity for 15 million incremental fans on a run-rate basis. Live Nation currently carries a Zacks Rank #5 (Strong Sell).Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, The Marcus Corporation MCS and AMC Entertainment Holdings, Inc. AMC.Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. Life Time Group delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 66.3% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.3% and 18.1%, respectively, from the year-ago levels. Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 40.4%, on average. The stock has gained 91.5% in the year-to-date period.The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 6.2% and 211.8%, respectively, from the year-ago period’s levels.AMC Entertainment presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 77.6% in the year-to-date period.The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Live Nation Entertainment, Inc. (LYV) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in AMC Networks Inc.? Here are five stocks we like better. AMC Networks raised its 2026 outlook after signing a five-year, $500 million co-exclusive Netflix licensing deal covering all seven The Walking Dead series. The company expects roughly $200 million to $225 million in related revenue recognition this year, while the original series returns to AMC+ in January. Second-quarter revenue fell 9% year over year to $547 million and adjusted operating income was $46 million, though free cash flow reached $43 million. Updated full-year guidance calls for revenue of $2.4 billion to $2.45 billion, adjusted operating income of $410 million to $420 million and free cash flow of approximately $220 million. Domestic operations remained pressured by a 17% decline in affiliate revenue and lower advertising, despite 6% streaming-revenue growth driven by price increases. AMC ended the quarter with $464 million in cash, approximately $1.3 billion in net debt and a 4.1-times net leverage ratio. Trending Stocks: How to Spot, Trade, and Profit Safely AMC Networks (NASDAQ:AMCX), which referred to itself as AMC Global Media during its second-quarter 2026 earnings call, raised its full-year outlook after announcing a five-year global co-exclusive streaming licensing agreement with Netflix for the entire The Walking Dead universe. The agreement covers all seven series and 371 episodes in the franchise, with total contracted license fees of $500 million. Chief Executive Officer Kristin Dolan said the arrangement expands the company’s relationship with Netflix while allowing the original The Walking Dead series to return to AMC+ for the first time. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now “This new agreement highlights the strength of our studio model and ability of our owned IP to create long-term value,” Dolan said. Chief Financial Officer Hozefa Lokhandwala said Netflix will make quarterly cash payments on a title-by-title basis during the license period. The company expects to receive approximately $25 million in cash payments in 2026, about $100 million annually from 2027 through 2030, and the remainder in 2031. → 3 Value ETFs to Consider as Growth Stocks Lag Behind AMC expects to recognize roughly $445 million in revenue over the life of the agreement, reflecting the present value of future payments under accounting rules. Approximately $200 million to $225 million of that revenue is expected to be recognized in each of 2026 and 2027. Lokhandwala described the licensing arrangement as a high-margin content licensing deal but did not disclose a specific adjusted operating income margin. He noted that the contractual cash-payment schedule creates a timing difference between revenue recognition and cash collection. → 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest? In response to questions about the deal’s structure, Dolan said the company had engaged with major industry participants and chose a co-exclusive model rather than placing all rights with a single exclusive service. She said Netflix’s existing relationship with the franchise, combined with the ability to offer the property globally, helped make it the right partner. Kim Kelleher, president and chief commercial officer, said the company had spent years aligning international rights for the franchise ahead of the agreement. The original series is expected to return to AMC+ in January. Second-quarter consolidated revenue fell 9% year over year to $547 million, while adjusted operating income, or AOI, was $46 million. Lokhandwala said the result represented the expected low point for the year, reflecting the timing of licensing revenue as well as elevated marketing and investment spending related to series premieres. Free cash flow totaled $43 million in the quarter, bringing first-half free cash flow to $108 million. The company raised its 2026 outlook, now expecting: Consolidated revenue of $2.4 billion to $2.45 billion. Adjusted operating income of $410 million to $420 million. Free cash flow of approximately $220 million. Domestic content licensing revenue of $460 million to $485 million. A roughly 3% year-over-year decline in domestic subscription revenue. The updated revenue guidance includes the expected $200 million to $225 million of 2026 licensing revenue from the Netflix agreement. However, the company also cited slower-than-anticipated subscriber acquisition during the first half of the year. Dolan said geopolitical events and prominent sports programming captured an outsized share of consumer attention, while also pointing to the World Cup as a factor affecting businesses globally. Domestic operations revenue declined 11% to $470 million. Subscription revenue decreased 5%, as 6% streaming-revenue growth was more than offset by a 17% decline in affiliate revenue. Streaming growth was primarily driven by price increases across the company’s services. Management expects the rate of affiliate-revenue decline to improve during the second half as new distribution agreements and contractual changes take effect. Over the past 12 months, the company renewed agreements with four of the five largest domestic multichannel video programming distributors: Comcast, DirecTV, Dish and YouTube. The new long-term YouTube agreement includes distribution for seven streaming services, five linear networks, several FAST channels and potential future placement of networks in YouTube TV genre packages. AMC+ and ALLBLK have generated 2.3 million activations through hard-bundled arrangements with Charter and Philo, and DirecTV recently added AMC+ to its entertainment genre package. Domestic advertising revenue was affected by a one-time, now-resolved system integration issue. Excluding that impact, advertising revenue declined by a mid-single-digit percentage because of lower ratings and marketplace pricing, partly offset by digital advertising growth. International revenue rose 4% to $79 million, or approximately 2% excluding favorable foreign-currency translation. International advertising revenue increased 11% excluding currency effects, which the company attributed primarily to advertising outperformance in the fourth quarter of 2025. Dolan highlighted improving engagement across the streaming portfolio, including a sequential improvement in retention and a double-digit increase in engagement during the second quarter despite price increases. She also cited Acorn TV’s renewed focus on international crime dramas and mysteries, with Art Detectives renewed for a second season and Inspector Ellis returning with viewership gains. On the linear side, the majority of the company’s networks recorded sequential prime-time ratings growth, led by a 21% gain at WE tv. TNA Wrestling’s Thursday Night Impact reached an all-time ratings high earlier in the month, according to Dolan. The company renewed Anne Rice’s Interview with the Vampire for a fourth season and plans to begin production next month on Thunder Road, a multigenerational racing drama starring Dennis Quaid and produced with NASCAR. AMC ended the quarter with approximately $464 million in cash and net debt of about $1.3 billion. During the quarter, it repaid its remaining Term Loan A and terminated its credit facility. About three-quarters of its total debt is not due until July 2032, and its consolidated net leverage ratio stood at 4.1 times at quarter-end. AMC Networks Inc (NASDAQ: AMCX) is a global entertainment company that specializes in the development, production and distribution of premium content for television and streaming platforms. Headquartered in New York City, the company operates a portfolio of pay television channels in the U.S. and abroad, and offers direct-to-consumer streaming services that feature both original programming and licensed fare. AMC Networks is best known for critically acclaimed series such as “Breaking Bad,” “Mad Men” and “The Walking Dead,” and it continues to invest in new scripted and unscripted content across a range of genres. The company's core television networks in the United States include AMC, IFC, Sundance TV and WE tv, while its joint venture with BBC Studios supports BBC America. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "AMC Networks Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

MGM Resorts International MGM reported second-quarter 2026 results, with earnings missing the Zacks Consensus Estimate, whereas revenues surpassed the same. On a year-over-year basis, the top line increased while the bottom line declined.MGM Resorts’ results benefited from revenue growth at Las Vegas Strip Resorts and MGM Digital, along with record same-store revenues from Regional Operations. However, lower profitability at MGM China and the regional properties weighed on earnings. Las Vegas group and convention business accounted for 20% of room mix during the quarter. MGM Resorts reported adjusted earnings per share (EPS) of 59 cents, missing the Zacks Consensus Estimate of 63 cents by 6.4%. The figure declined 25.3% from 79 cents reported in the prior-year quarter. MGM Resorts International price-consensus-eps-surprise-chart | MGM Resorts International Quote Quarterly revenues of $4.45 billion topped the consensus mark of $4.44 billion by 0.4%. The top line increased 1% year over year, marking record second-quarter consolidated revenues. Consolidated adjusted EBITDA decreased 5.7% to $610 million. Las Vegas Strip Resorts revenues increased 3% year over year to $2.17 billion. Segment adjusted EBITDAR rose 3% to $735 million, while margin improved 30 basis points to 33.9%. Management attributed the EBITDAR increase primarily to a recovery at MGM Grand, supported by remodeled rooms and a favorable hold benefit.Casino revenues jumped 17% to $536 million as table games win climbed 27% to $451 million. Table games win percentage expanded to 29.6% from 22.9%. However, Room revenues declined 2% to $717 million. Occupancy remained unchanged at 93%, while average daily rate and revenue per available room decreased 4% to $242 and $224, respectively. Regional Operations revenues declined 4% to $924 million, reflecting the April sale of MGM Northfield Park. On a same-store basis, revenues increased 3% to $904 million and reached an all-time quarterly record.Segment adjusted EBITDAR fell 9% to $280 million. Same-store EBITDAR was flat at $271 million, while the corresponding margin contracted 83 basis points to 30.0%. Casino revenues declined 6% as slot win fell 9%, partly offset by a 4% increase in table games win. MGM China revenues were relatively flat at $1.10 billion. Casino revenues decreased 2% to $956 million as main-floor table games drop declined 7%, though table games win increased 2% and win percentage improved to 27.2% from 25.0%.Segment adjusted EBITDAR dropped 15% to $257 million, and margin fell 383 basis points to 23.3%. Results were pressured by a $21 million year-over-year increase in intercompany branding license fees. Management said World Cup activity temporarily affected June volumes, followed by an encouraging rebound in July. MGM Digital revenues increased 20% year over year to $196 million. The segment posted an adjusted EBITDAR loss of $31 million compared with a loss of $26 million a year earlier, as marketing costs and gaming taxes increased.BetMGM, MGM's unconsolidated North American venture, generated second-quarter net revenues of $711 million, up 3%. iGaming revenues rose 8% to $483 million, while online sports revenues were flat at $228 million. Adjusted EBITDA declined 15% to $74 million, and average monthly actives fell 3% to 875,000. MGM Resorts ended the second quarter with cash and cash equivalents of $2.55 billion, up from $2.06 billion at the end of 2025. Long-term debt was $6.07 billion compared with $6.23 billion at the end of 2025.During the first half of 2026, net cash provided by operating activities totaled $1.13 billion, while capital expenditures were $396 million. MGM repurchased approximately 4 million shares for $164 million during the quarter. The remaining authorization under its share repurchase program was $1.4 billion.Construction of MGM Osaka remains on schedule and within budget for a 2030 opening. Approximately 60% of foundation piles were completed, with concrete and structural steel work progressing. MGM Resorts currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, AMC Entertainment Holdings, Inc. AMC and The Marcus Corporation MCS.Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. Life Time Group delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 72% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.3% and 18.1%, respectively, from the year-ago levels. AMC Entertainment presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 76.3% in the year-to-date period. The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels. Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 40.4%, on average. The stock has gained 60.9% in the year-to-date period. The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 6.2% and 211.8%, respectively, from the year-ago period’s levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MGM Resorts International (MGM) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Norwegian Cruise Line Holdings Ltd. NCLH reported second-quarter 2026 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The top line increased while the bottom line fell from the prior-year quarter figure.Following the results, the company’s shares dropped 6.3% in the pre-market trading session. The decline likely reflected investor concerns about softer demand at the Norwegian Cruise Line brand, a below-optimal booked position for the next 12 months, and execution challenges. NCLH expects 2026 constant-currency net yield to decline approximately 5% year over year. Norwegian Cruise reported adjusted earnings per share of 48 cents, beating the Zacks Consensus Estimate of 39 cents by 23.1%. In the prior-year quarter, the company reported adjusted earnings of 51 cents per share.Quarterly revenues of $2.64 billion surpassed the consensus mark of $2.63 billion by 0.5%. The metric increased 4.9% year over year. Norwegian Cruise Line Holdings Ltd. price-consensus-eps-surprise-chart | Norwegian Cruise Line Holdings Ltd. Quote Passenger ticket revenues were $1.73 billion, up 1.2% from $1.71 billion reported in the prior-year quarter. Our model anticipated passenger ticket revenues to be $1.76 billion.Onboard and other revenues increased 12.6% to $910.7 million from $808.5 million reported in the year-ago quarter. We expected onboard and other revenues to be $869.6 million.Capacity Days rose 8.9% year over year to 6.59 million, while Passenger Cruise Days increased 7.3% to 6.75 million. Total cruise operating expenses in the second quarter increased 8.9% year over year to $1.59 billion. Our model anticipated total cruise operating expenses to be $1.57 billion.Payroll and related expenses rose 14% year over year to $394.6 million. Fuel expense increased 39.4% year over year to $219.4 million.During the second quarter, gross cruise costs per Capacity Day were approximately $304 compared with $306 reported in the prior-year period.Net yield declined 2.1% year over year on a reported basis and 2.6% on a constant-currency basis. The constant-currency decline was better than the company’s guidance for a decrease of 3.6%.Adjusted EBITDA declined 4.1% year over year to $665.5 million but exceeded management’s guidance of approximately $632 million. Adjusted operational EBITDA margin contracted to 33.9% from 37.7% in the prior-year quarter. As of June 30, 2026, the company had cash and cash equivalents of $218.1 million, up 3.9% from $209.9 million at the end of 2025. Long-term debt, excluding the current portion, was $13.89 billion compared with $13.73 billion at 2025-end. Liquidity totaled $1.5 billion, including $1.3 billion of availability under the company’s revolving loan facility. Net leverage ended the quarter at 5.3 times.For the first six months of 2026, net cash provided by operating activities increased 1.4% year over year to $1.41 billion. Additions to property and equipment totaled $1.89 billion compared with $1.86 billion in the prior-year period. The company remained below its optimal booked position for the next 12 months. Management cited softer demand at the Norwegian Cruise Line brand related to company-specific execution challenges and the continuing conflict in the Middle East.Second-quarter occupancy was 102.4% compared with 103.9% in the prior-year quarter. The result was broadly in line with management’s guidance of approximately 102.5%.Advance ticket sales came in at $3.65 billion compared with $3.20 billion at the end of 2025.Norwegian Cruise expects the opening of the full amenities at Great Stirrup Cay, including Great Tides Waterpark, to support demand for Caribbean itineraries over time. For third-quarter 2026, NCLH anticipates occupancy of approximately 104% and Capacity Days of 6.8 million.Constant-currency net yield is expected to decline 8.9% year over year. Adjusted net cruise costs excluding fuel per Capacity Day are projected to decrease 0.9% on a constant-currency basis.Adjusted EBITDA is expected to be $874 million. Adjusted net income is projected at $414 million, while adjusted earnings are forecast at 90 cents per share.For 2026, the company expects occupancy of approximately 102.3%. Capacity Days are anticipated to be approximately 26.25 million.Full-year adjusted EBITDA is expected to be approximately $2.5 billion. Adjusted net income is projected at nearly $700 million, while adjusted earnings are anticipated at approximately $1.50 per share. Norwegian Cruise currently has a Zacks Rank #3 (Hold).Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, AMC Entertainment Holdings, Inc. AMC and The Marcus Corporation MCS. Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. Life Time Group delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 67.3% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.3% and 18.1%, respectively, from the year-ago levels. AMC Entertainment presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 64.1% in the year-to-date period.The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels.Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 40.4%, on average. The stock has gained 59.3% in the year-to-date period.The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 6.2% and 211.8%, respectively, from the year-ago period’s levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Hyatt Hotels Corporation H delivered second-quarter 2026 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Both metrics increased on a year-over-year basis. Hyatt reported adjusted earnings of $1.12 per share, surpassing the consensus estimate of 90 cents by 24.4%. The figure increased 64.7% from 68 cents per share in the prior-year quarter. Revenues of $1,829 million topped the consensus mark of $1,815 million by 0.8% and rose 1.2% year over year. Gross fee growth and higher comparable system-wide hotel RevPAR supported the performance. Hyatt Hotels Corporation price-consensus-eps-surprise-chart | Hyatt Hotels Corporation Quote Gross fees increased 7.8% year over year to $324 million. Base management fees rose 10.2% to $124 million, aided by managed hotel RevPAR growth, strength in the United States and contributions from the Playa Hotels acquisition. The impact of Hurricane Melissa partly offset the increase. Incentive management fees advanced 2.6% to $64 million, driven by fees from the Playa Hotels acquisition and solid performance in Asia Pacific. Lower fees in the Middle East, Mexico and Jamaica limited the upside. Franchise and other fees climbed 8.1% to $136 million on non-RevPAR fee contributions and U.S. RevPAR growth. Net fees came in at $307 million, up from $286 million in the year-ago quarter. Management and franchising adjusted EBITDA increased to $266 million from $238 million. Comparable system-wide hotel RevPAR increased 5.9% year over year. Average daily rate rose 5% to $216.81, while occupancy improved 0.6 percentage points to 73.2%. Luxury and upper-upscale hotels led RevPAR growth. Leisure transient and group RevPAR recorded strong increases, while business transient RevPAR grew in the low-single-digit range. The conflict in the Middle East reduced overall RevPAR growth by approximately 110 basis points. U.S. RevPAR increased 6.7%, while Asia Pacific, excluding Greater China, rose 10.3%. RevPAR advanced 9.5% in the Americas, outside the United States, and 7.2% in Greater China. Middle East and Africa RevPAR declined 28.3%. Comparable system-wide all-inclusive resort Net Package RevPAR declined 1.2% year over year. Occupancy decreased 2.1 percentage points to 72.8%, while Net Package average daily rate increased 1.7% to $271.25. The decline reflected softer demand, partly due to security concerns in Mexico during the first quarter and lower airlift into certain destinations. Net Package RevPAR in the Americas outside the United States fell 2.3%, while Europe reported growth of 3.4%. Distribution adjusted EBITDA declined to $27 million from $43 million. Temporary hotel closures in Jamaica related to Hurricane Melissa and lower demand in Mexico weighed on the segment. Adjusted EBITDA increased 3.4% year over year to $297 million. After adjusting for assets sold in 2025, the metric rose 8.8%. Owned and leased adjusted EBITDA came in at $40 million compared with $47 million in the prior-year quarter. However, the metric increased 16% after adjusting for 2025 asset sales. Adjusted general and administrative expenses declined to $107 million from $110 million. Transaction and integration costs decreased sharply to $8 million from $82 million, while depreciation and amortization expenses fell to $73 million from $82 million. Net income attributable to Hyatt was $110 million in contrast to a loss of $3 million in the year-ago quarter. Adjusted net income increased to $108 million from $66 million. Hyatt opened 3,585 rooms during the quarter. Notable openings included Miraval The Red Sea, the first Miraval property outside the United States, and The Barai Hua Hin, which introduced The Unbound Collection by Hyatt brand to Thailand. The company’s pipeline of executed management or franchise contracts reached approximately 154,000 rooms, up 10% year over year. Trailing-12-month net rooms growth was 3.9%, or 4.4% excluding rooms from the Playa Hotels acquisition that were removed from Hyatt’s count in the second half of 2025. Hyatt also announced a master franchise agreement with Dossen Group to develop and operate Hyatt Select hotels in the Chinese Mainland. World of Hyatt membership reached approximately 69 million, reflecting 17% year-over-year growth. For 2026, comparable system-wide hotel RevPAR growth is expected between 3.5% and 4.5%. Net rooms growth is projected at approximately 6%. Gross fees are anticipated in the range of $1,305-$1,335 million, implying growth of 9-11%. Adjusted EBITDA is expected between $1,155 million and $1,205 million, representing growth of 13-18% from the adjusted 2025 baseline. Adjusted free cash flow is projected between $580 million and $630 million. As of June 30, 2026, Hyatt had total debt of $4.3 billion and total liquidity of $2.1 billion. The company returned $175 million to its shareholders through dividends and share repurchases in the first half and expects 2026 capital returns of $325-$375 million. Hyatt currently has a Zacks Rank #3 (Hold). Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, AMC Entertainment Holdings, Inc. AMC and The Marcus Corporation MCS. Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Life Time Group delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 67.3% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.3% and 18.1%, respectively, from the year-ago levels. AMC Entertainment presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 64.1% in the year-to-date period. The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels. Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 40.4%, on average. The stock has gained 59.3% in the year-to-date period. The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 6.2% and 211.8%, respectively, from the year-ago period’s levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hyatt Hotels Corporation (H) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: July 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nippon Life India Asset Management Ltd (BOM:540767) was the fastest growing AMC in the top 10 AMCs in Q1 FY27, both on a year-on-year and quarter-on-quarter basis. The company achieved its highest ever quarterly profit after tax at INR5.04 billion, a growth of 27% year-on-year. Market share increased to 9.04%, the highest since June 2019, with significant growth in both equity net sales and SIP market share. The company's digital business contributed 78% of total new purchase transactions in the quarter, indicating strong digital adoption. Nippon Life India Asset Management Ltd (BOM:540767) continues to have the largest investor base in the mutual fund industry with 24.1 million unique investors. Other expenses increased by 17% quarter-on-quarter due to investments in digital and brand technology, which may impact short-term profitability. Employee expenses increased due to increments and ESOPs, which may continue to affect operating margins. The ETF category saw a decrease in gold and silver ETF volumes, with combined closing AUM in these ETFs down 2.5% quarter-on-quarter. There is volatility in the fixed income category due to interest rate movements, affecting industry-wide flows. The company anticipates continued investment in technology and brand, leading to an expected 18-20% increase in other expenses over the next 6 to 8 quarters. Warning! GuruFocus has detected 4 Warning Sign with BOM:540767. Is BOM:540767 fairly valued? Test your thesis with our free DCF calculator. Q: What caused the increase in other expenses this quarter? A: The increase in other expenses is primarily due to investments in digital, brand, and technology initiatives. This is part of a strategic plan to build these areas over the next six to eight quarters. (Respondent: Unidentified_4) Q: Will employee expenses remain consistent in the coming quarters? A: Employee expenses increased this quarter due to increments and ESOPs. They are expected to remain in a similar range, with slight increases as employee strength grows. (Respondent: Unidentified_4) Q: Which funds are seeing significant SIP inflows? A: SIP inflows are diversified across various funds, not concentrated in one or two. This diversification helps maintain healthy SIP flows despite market volatility. (Respondent: Unidentified_6) Q: How are the ETF flows, especially for silver and gold, and what is the outlook? A: There has been a moderation in silver and gold ETF flows industry-wide. Despite this, the industry continues to see net sales, and Nippon Life maintains its market share. (Respondent: Unidentified_6) Q: What are the trends in net equity inflow market share? A: Nippon Life's equity inflows have improved quarter-on-quarter, with higher double-digit net sales in the equity segment, excluding index and arbitrage. (Respondent: Unidentified_6) Q: What is the impact of market volatility on direct versus distributed AUM? A: Investor behavior remains similar in volatile markets, but DIY investors tend to have shorter cycles. Education programs are in place to encourage longer investment cycles. (Respondent: Unidentified_6) Q: How is the digital channel performing compared to traditional channels during market volatility? A: The digital channel, primarily used by Gen Z, is supported by educational campaigns to encourage long-term investing, helping mitigate volatility impacts. (Respondent: Unidentified_11) Q: What is the status of the bullion ETF flow restrictions? A: Restrictions were implemented due to national considerations on gold imports. Retail flows continue, and the company is evaluating when to lift these restrictions. (Respondent: Unidentified_3) Q: What is the outlook for expenses, particularly in technology and brand investments? A: Investments in technology and brand are expected to continue, with overall expenses projected to grow by 18% to 20% over the next six to eight quarters. (Respondent: Unidentified_4) Q: How is the performance of the AIF and offshore businesses? A: The AIF business is profitable, and the company is focusing on expanding its international presence, particularly in Japan and Europe, through strategic partnerships. (Respondent: Unidentified_4) For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Royal Caribbean Cruises Ltd. RCL reported second-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. The top line increased, but the bottom line declined on a year-over-year basis. Post the results, the cruise stock fell 1.2% in the pre-market trading session.The company reported second-quarter 2026 adjusted earnings of $4.21 per share, which surpassed the Zacks Consensus Estimate of $3.97 by 6.1%. However, adjusted earnings declined 3.9% from $4.38 in the year-ago quarter. Royal Caribbean Cruises Ltd. price-consensus-eps-surprise-chart | Royal Caribbean Cruises Ltd. Quote Revenues totaled $4.83 billion, beating the consensus mark of $4.81 billion by 0.5%. The top line increased 6.5% year over year. Results benefited from strong close-in demand, lower-than-expected costs and favorable joint-venture performance. Occupancy remained healthy at 110.2%. Royal Caribbean’s demand commentary remained constructive. Booking volumes were above year-ago levels, while the company remained booked at record prices. Load factors also stayed robust across its vacation portfolio.Net yields increased 1.9% on an as-reported basis and 1.2% in constant currency. The metric exceeded management’s guidance, primarily reflecting better-than-expected close-in demand. Capacity increased 4.9% year over year, while the number of passengers carried rose 6.4% to nearly 2.4 million. The second-quarter top line advanced on strength across the two primary revenue streams. Passenger ticket revenues increased 4.5% year over year to $3.34 billion from $3.20 billion. The increase reflected capacity growth, healthy pricing and continued demand for the company’s differentiated cruise experiences. Our model projected second-quarter passenger ticket revenues to be $3.34 billion.Onboard and other revenues rose 11.1% to $1.49 billion from $1.34 billion in the prior-year quarter. Management highlighted strong guest engagement and demand for onboard and destination experiences. Product enhancements and more targeted pre-cruise engagement also supported guest spending. Our model projected second-quarter onboard & other revenues to be $1.48 billion. Operating income declined 1.7% year over year to $1.31 billion from $1.33 billion, as operating expense growth exceeded the increase in revenues. Net income attributable to Royal Caribbean decreased 6.8% to $1.13 billion from $1.21 billion.Adjusted net income fell 6% to $1.13 billion from $1.20 billion. Adjusted EBITDA declined 1.1% to $1.83 billion from $1.85 billion. Adjusted EBITDA margin contracted to 37.9% from 40.8% in the prior-year quarter. Total cruise operating expenses increased 11.6% year over year to $2.55 billion. Payroll and related expenses climbed 23.1% to $405 million, while fuel costs increased 27.2% to $355 million.Food expenses rose 6.5% to $262 million, while other operating expenses increased 9.6% to $615 million. Marketing, selling and administrative expenses were $513 million compared with $508 million a year ago. Net cruise costs excluding fuel per available passenger cruise day increased 4.4% as reported and 3.9% in constant currency. For the first six months of 2026, net cash provided by operating activities increased 9.5% year over year to $3.69 billion.During the second quarter, Royal Caribbean returned more than $600 million to its shareholders. This included $199 million of share repurchases and $404 million of dividend payments. The company had $805 million remaining under its current repurchase authorization.As of June 30, 2026, cash and cash equivalents were $875 million compared with $825 million at the end of 2025. Total liquidity was $6.9 billion, including available capacity under the company’s revolving credit facilities. For the third quarter of 2026, Royal Caribbean expects adjusted earnings of $6.26-$6.36 per share. Total revenues are projected to increase 8%, while net yields are expected to remain approximately flat on both an as-reported and constant-currency basis.The company raised its full-year adjusted earnings guidance to $17.73-$17.87 per share from the prior projection of $17.10-$17.50. The updated range represents expected growth of 14% year over year.Royal Caribbean expects 2026 revenues to rise 9%. Net yields are projected to increase 2.35%-2.85% as reported and 1.75%-2.25% in constant currency. Capacity is expected to grow 6.6%, while capital expenditures are anticipated to be approximately $4.7 billion. Royal Caribbean currently has a Zacks Rank #3 (Hold).Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. LTH, AMC Entertainment Holdings, Inc. AMC and The Marcus Corporation MCS.Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. Life Time Group delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 67.3% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.3% and 18.1%, respectively, from the year-ago levels. AMC Entertainment presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 64.1% in the year-to-date period. The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels. Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 40.4%, on average. The stock has gained 59.3% in the year-to-date period. The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 6.2% and 211.8%, respectively, from the year-ago period’s levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report Marcus Corporation (The) (MCS) : Free Stock Analysis Report AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research