Lions Gate Entertainment Corp reports results for the quarter ended in June - Earnings Summary

Lions Gate Entertainment

09/08/2024 07:44

* Lions Gate Entertainment Corp  LGFa.N  reported a
quarterly
adjusted loss of 25 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -31 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 18 cents per
share. Wall Street expected results to range from -32 cents
to -5 cents per share.
    * Revenue fell 8.1% to $834.70 million from a year ago;
analysts
expected $857.48 million. 
    * Lions Gate Entertainment Corp's reported EPS for the
quarter was
a loss of 25 cents​.
    * The company reported a quarterly loss of $59.4 million.
    * Lions Gate Entertainment Corp shares had fallen by 7.5%
this
quarter and lost 20.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and 1 "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 Lions Gate
Entertainment Corp is $12.00 
This summary was machine generated from LSEG data August 9 at
06:44 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      -0.18          -0.25          Missed
 Mar. 31 2024      -0.11          -0.22          Missed
 Dec. 31 2023      -0.06          -0.45          Missed
 Sep. 30 2023      -0.26          -0.95          Missed