Cineverse Corp reports results for the quarter ended December 31 - Earnings Summary

Cineverse

13/02/2025 22:01

* Cineverse Corp  CNVS.OQ  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of -22 cents.  The mean expectation of two analysts for the
quarter was for earnings of 31 cents per share. Wall Street
expected results to range from 23 cents to 38 cents per share.
    * Revenue rose 206.9% to $40.74 million from a year ago;
analysts
expected $36.38 million. 
    * Cineverse Corp's reported EPS for the quarter was 34
cents​.
    * The company reported quarterly net income of $7.02
million.
    * Cineverse Corp shares had risen by 26.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 45.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the entertainment
production peer group is also "buy"

Wall Street's median 12-month price target for Cineverse Corp is
$7.50 
This summary was machine generated from LSEG data February 13 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.31           0.34           Beat
 Sep. 30 2024      -0.12          -0.09          Beat
 Jun. 30 2024      -0.13          -0.20          Missed
 Mar. 31 2024      -0.21          -0.06          Beat