Reservoir Media Inc reports results for the quarter ended in September 30 - Earnings Summary

Reservoir Media

30/10/2024 15:20

* Reservoir Media Inc  RSVR.OQ  reported quarterly breakeven
results​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of three analysts for the
quarter was for earnings of 3 cents per share.  3 cents per
share.
    * Revenue rose 5.9% to $40.67 million from a year ago;
analysts
expected $38.93 million. 
    * Reservoir Media Inc's reported EPS for the quarter was
breakeven
results​.
    * The company reported quarterly net income of $185
thousand.
    * Reservoir Media Inc shares had risen by 8.4% this
quarter and
gained 23.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 October 30 at
03:20 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
 Sep. 30 2024      0.03           0.00           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