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

Lions Gate Entertainment

24/05/2024 24:38

* Lions Gate Entertainment Corp  LGFa.N  reported a
quarterly
adjusted loss of 22 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -42 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 11 cents per
share. Wall Street expected results to range from -17 cents to 5
cents per share.
    * Revenue rose 2.9% to $1.12 billion from a year ago;
analysts
expected $1.07 billion. 
    * Lions Gate Entertainment Corp's reported EPS for the
quarter was
a loss of 22 cents​.
    * The company reported a quarterly loss of $39.5 million.
    * Lions Gate Entertainment Corp shares had risen by 4.9%
this
quarter and lost 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
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 "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the entertainment
production peer group is also "hold"

Wall Street's median 12-month price target for Lions Gate
Entertainment Corp is $12.00 
This summary was machine generated from LSEG data May 23 at
11:38 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
 Mar. 31 2024      -0.11          -0.22          Missed
 Dec. 31 2023      -0.06          -0.45          Missed
 Sep. 30 2023      -0.28          -0.95          Missed
 Jun. 30 2023      -0.45          -0.31          Beat