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

Reservoir Media

31/07/2024 14:32

* Reservoir Media Inc  RSVR.OQ  reported a quarterly
adjusted loss
of 1 cent​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of three analysts for
the quarter was for earnings of 3 cents per share. Wall Street
expected results to range from -2 cents to 11 cents per share.
    * Revenue rose 7.8% to $34.32 million from a year ago;
analysts
expected $33.92 million. 
    * Reservoir Media Inc's reported EPS for the quarter was a
loss of
1 cent​.
    * The company reported a quarterly loss of $346 thousand.
    * Reservoir Media Inc shares had risen by 5.2% this
quarter and
gained 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 400%
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 July 31 at
01:32 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
 Jun. 30 2024      0.03           -0.01          Missed
 Mar. 31 2024      0.01           0.04           Beat
 Dec. 31 2023      -0.01          -0.05          Missed
 Sep. 30 2023      0.02           0.05           Beat