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

Cineverse

14/08/2023 22:52

* Cineverse Corp  CNVS.OQ  reported a quarterly adjusted
loss
of 37 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of 6 cents per
share.
    * Revenue fell 4.5% to $12.98 million from a year ago;
analysts
expected $13.51 million. 
    * Cineverse Corp's reported EPS for the quarter was a loss
of 37
cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cineverse Corp shares had fallen by 33.3% this quarter and
lost 83.6% so far this year.
    * The company reported a quarterly loss of $3.64 million.
    * Wall Street's median 12-month price target for Cineverse
Corp is
$27.00 
    * 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 LSEG Refinitiv data
August 14 at 09:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.06          -0.37          Missed
 Mar. 31 2023      0.00           -0.35          Missed
 Dec. 31 2022      -0.20          0.60           Beat
 Sep. 30 2022      -0.60          -0.60          Met