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

Reservoir Media

07/02/2024 14:45

* Reservoir Media Inc  RSVR.OQ  reported a quarterly
adjusted loss
of 5 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -7 cents.  The mean expectation of three analysts for the
quarter was for a loss of one cent per share. Wall Street
expected results to range from -2 cents to -1 cents per share.
    * Revenue rose 18.5% to $35.48 million from a year ago;
analysts
expected $29.86 million. 
    * Reservoir Media Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $2.96 million.
    * Reservoir Media Inc shares had fallen by 4.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 3 "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 Reservoir Media
Inc is $13.00 
This summary was machine generated from LSEG data February 7 at
02:44 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
 Dec. 31 2023      -0.01          -0.05          Missed
 Sep. 30 2023      0.02           0.05           Beat
 Jun. 30 2023      -0.02          0.00           Beat
 Mar. 31 2023      0.06           0.04           Missed