Wedbush Expects In-Line Q2:14 Results from Regal Entertainment Group

In a report published Friday, Wedbush analyst Michael Pachter reiterated a Neutral rating and $21.50 price target on Regal Entertainment Group RGC. In the report, Wedbush noted, “We expect Q2:14 results in line with our recently revised estimates for revenue of $828 million vs. consensus of $811 million and for EPS of $0.32 vs. consensus of $0.29. We expect a drag on revenue per screen to continue from the screens acquired in the past several quarters. We estimate that Regal's Q2:14 grew market share due to additional screens from these acquisitions.” Regal Entertainment Group closed on Thursday at $20.42.