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

Reservoir Media

30/05/2024 14:31

* Reservoir Media Inc  RSVR.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in March,
identical to the same quarter last year.  The mean expectation
of three analysts for the quarter was for earnings of one cent
per share. Wall Street expected results to range from zero cents
to 2 cents per share.
    * Revenue rose 12.5% to $39.15 million from a year ago;
analysts
expected $35.36 million. 
    * Reservoir Media Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $2.8 million.
    * Reservoir Media Inc shares had fallen by 1.8% this
quarter and
gained 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.3%
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 May 30 at
01:31 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
 Mar. 31 2024      0.01           0.04           Beat
 Dec. 31 2023      -0.01          -0.05          Missed
 Sep. 30 2023      0.02           0.05           Beat
 Jun. 30 2023      -0.02          0.00           Beat