AMC Entertainment Holdings, Inc. (NYSE:AMC) shares closed almost 5% higher on Tuesday following the company’s pre-announced Q4 results, with revenue of $1.172 billion (vs. Street’s $1.089 billion) and EPS of ($0.30) at the mid-point (vs. Street’s ($0.24)).

Analysts at Wedbush provided their views on the company following the announcement, noting that they remain optimistic about the exhibition industry as attendance just began to meaningfully rebound in Q4/21, and they anticipate attendance to meaningfully improve throughout this year.

The analysts believe the company and its competitors will continue to consolidate while pushing deeper into alternative content to drive attendance, and add premium large format screens and more dynamic ticket pricing in order to drive average ticket higher overall as the film slate shifts toward more blockbuster content.

The analysts adjust their full 2021-year revenue estimate to $2.53 billion from $2.57 billion, adjusted EBITDA to ($302) million from ($359) million, and EPS to ($2.86) from ($2.76).