Cineverse Corp reports results for the quarter ended December 31 - Earnings Summary

• Cineverse Corp CNVS.OQ reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -22 cents. The mean expectation of two analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 23 cents to 38 cents per share.

• Revenue rose 206.9% to $40.74 million from a year ago; analysts expected $36.38 million.

• Cineverse Corp's reported EPS for the quarter was 34 cents​.

• The company reported quarterly net income of $7.02 million.

• Cineverse Corp shares had risen by 26.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 45.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 Cineverse Corp is $7.50

This summary was machine generated from LSEG data February 13 at 10:01 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)