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

Reservoir Media

31/05/2023 14:32

* Reservoir Media Inc  RSVR.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 6 cents per share.
    * Revenue fell 0.9% to $34.81 million from a year ago;
analysts
expected $33.75 million. 
    * Reservoir Media Inc's reported EPS for the quarter was 4
cents​.
    * 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. 
    * Reservoir Media Inc shares had risen by 0.9% this
quarter and
gained 10.2% so far this year.
    * The company reported quarterly net income of $2.33
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 LSEG Refinitiv data May
31 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.06           0.04           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