Reservoir Media Inc reports results for the quarter ended in December - Earnings Summary

Reservoir Media

08/02/2023 14:32

* Reservoir Media Inc  RSVR.OQ  reported a quarterly
adjusted loss
of 7 cents​​ per share for the quarter ended in December. The
mean expectation of three analysts for the quarter was
for earnings of 2 cents per share.
    * Revenue rose 10.3% to $29.93 million from a year ago;
analysts
expected $27.82 million. 
    * Reservoir Media Inc's reported EPS for the quarter was a
loss
of 7 cents​.
    * The mean earnings estimate of analysts had risen by
about 55.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Reservoir Media Inc shares had risen by 23.1% this
quarter.
    * The company reported a quarterly loss of $4.41 million.
    * Wall Street's median 12-month price target for Reservoir
Media
Inc is $13.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
8 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.02           -0.07          Missed
 Sep. 30 2022      0.04           0.07           Beat
 Jun. 30 2022      -0.05          0.00           Beat
 Mar. 31 2022      0.09           0.14           Beat