Cineverse Corp reports results for the quarter ended September 30 - Earnings Summary

Cineverse

15/11/2024 14:05

* Cineverse Corp  CNVS.OQ  reported a quarterly adjusted
loss of 9
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -4
cents.  The mean expectation of two analysts for the quarter was
for a loss of 12 cents per share. Wall Street expected
results to range from -16 cents to -8 cents per share.
    * Revenue fell 2.1% to $12.74 million from a year ago;
analysts
expected $10.75 million. 
    * Cineverse Corp's reported EPS for the quarter was a loss
of 9
cents​.
    * The company reported a quarterly loss of $1.38 million.
    * Cineverse Corp shares had risen by 165.6% this quarter and
gained 92.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50%
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 2 "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
6.75 
This summary was machine generated from LSEG data November 15 at
02:05 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
 Sep. 30 2024      -0.12          -0.09          Beat
 Jun. 30 2024      -0.13          -0.20          Missed
 Mar. 31 2024      -0.21          -0.06          Beat
 Dec. 31 2023      -0.16          -0.22          Missed