Lions Gate Entertainment shares surge after quarterly report

Lions Gate Entertainment

10/02/2023 17:31

** Shares in Lions Gate Entertainment  LGFa.N  up 23.8% on
Friday after quarterly report issued late on Thursday handily
beat expectations
    ** Co fiscal Q3 reported EPS of $0.07 vs Wall St consensus
view $0.20 loss/shr on revenue of $1 bln, compared with mean
estimate of $895.99 mln, according to Refinitiv
    ** LGFa shares last traded at $10.21 vs median PT of $8.75,
according to Refinitiv which shows 14 analyst ratings: 1 'strong
buy,' 4 'buy,' 7 'hold,' 1 'sell' and 1 'strong sell'
reccomendation
    ** Class B  LGFb.N  shares last traded at $9.61. Both A and
B class shares were trading with brisk volume on the day
    ** Class A shares on track for biggest one-day pct gain
since March 19, 2020 while Class B poised for biggest daily pct
gain since Nov 5, 2021
    **Rosenblatt Securities however trimmed PT for the co to $16
from $17 after the results
 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com;))