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

Cineverse

14/02/2024 23:45

* Cineverse Corp  CNVS.OQ  reported a quarterly adjusted
loss
of 22 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 60 cents.  The lone analyst forecast for the quarter was
for a loss of 16 cents per share. 
    * Revenue fell 52.4% to $13.28 million from a year ago;
analysts
expected $13.36 million. 
    * Cineverse Corp's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $2.86 million.
    * Cineverse Corp shares had risen by 14.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "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
$27.00 
This summary was machine generated from LSEG data February 14 at
11:44 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 2023      -0.16          -0.22          Missed
 Sep. 30 2023      -0.16          -0.04          Beat
 Jun. 30 2023      -0.06          -0.37          Missed
 Mar. 31 2023      0.00           -0.35          Missed