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

• Cineverse Corp CNVS.OQ reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of two analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -16 cents to 1 cents per share.

• Revenue rose 57.9% to $15.58 million from a year ago; analysts expected $14.29 million.

• Cineverse Corp's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $761 thousand.

• Cineverse Corp shares had risen by 32.3% this quarter and gained 14.5% so far this year.

FORECAST CHANGES

• 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.

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 $8.50, about 50.8% above its last closing price of $4.18

This summary was machine generated from LSEG data June 27 at 09:00 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)