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

Cineverse

15/08/2024 06:07

* Cineverse Corp  CNVS.OQ  reported a quarterly adjusted
loss
of 20 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -37 cents.  The lone analyst forecast for the quarter was
for a loss of 13 cents per share. 
    * Revenue fell 29.7% to $9.13 million from a year ago;
analysts
expected $10.65 million. 
    * Cineverse Corp's reported EPS for the quarter was a loss
of 20
cents​.
    * The company reported a quarterly loss of $3.16 million.
    * Cineverse Corp shares had fallen by 9.0% this quarter and
lost 40.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23.5%
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
$9.00 
This summary was machine generated from LSEG data August 15 at
05:07 a.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
 Jun. 30 2024      -0.13          -0.20          Missed
 Mar. 31 2024      -0.21          -0.06          Beat
 Dec. 31 2023      -0.16          -0.22          Missed
 Sep. 30 2023      -0.16          -0.04          Beat