Cinedigm Corp reports results for the quarter ended in December - Earnings Summary

Cineverse

14/02/2023 22:01

* Cinedigm Corp  CIDM.OQ  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for a loss of
one cent per share.
    * Revenue rose 98% to $27.88 million from a year ago;
analysts
expected $19.43 million. 
    * Cinedigm Corp's reported EPS for the quarter was 3 cents​.
    * The mean earnings estimate of analysts had risen by
about 33.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Cinedigm Corp shares had risen by 53.5% this quarter.
    * The company reported quarterly net income of $4.93
million.
    * Wall Street's median 12-month price target for Cinedigm
Corp is
$4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
14 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.01          0.03           Beat
 Sep. 30 2022      -0.03          -0.03          Met
 Jun. 30 2022      -0.03          -0.03          Met
 Mar. 31 2022      -0.02          -0.02          Met