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

Cineverse

29/06/2023 22:01

* Cineverse Corp  CNVS.OQ  reported a quarterly adjusted
loss
of 35 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for breakeven
results per share.
    * Revenue fell 25.5% to $12.55 million from a year ago;
analysts
expected $12.61 million. 
    * Cineverse Corp's reported EPS for the quarter was a loss
of 35
cents​.
    * The mean earnings estimate of analysts had fallen by
about 100%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Cineverse Corp shares had fallen by 73.7% this quarter and
lost 71.5% so far this year.
    * The company reported a quarterly loss of $3.17 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 June
29 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.70          -0.60          Beat