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

Cineverse

01/07/2024 22:55

* Cineverse Corp  CNVS.OQ  reported a quarterly adjusted
loss of 6
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -35
cents.  The lone analyst forecast for the quarter was for a loss
of 21 cents per share. 
    * Revenue fell 21.4% to $9.86 million from a year ago;
analysts
expected $10.55 million. 
    * Cineverse Corp's reported EPS for the quarter was a loss
of
$1.10​.
    * The company reported a quarterly loss of $14.81 million.
    * Cineverse Corp shares had held steady so far this
quarter and
lost 34.1% so far this year.

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"

This summary was machine generated from LSEG data July 1 at
09:55 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
 Jan. 1 0001       -0.21          -0.06          Beat
 Dec. 31 2023      -0.16          -0.22          Missed
 Sep. 30 2023      -0.16          -0.04          Beat
 Jun. 30 2023      -0.06          -0.37          Missed