Lionsgate Studios Corp reports results for the quarter ended June 30 - Earnings Summary

• Lionsgate Studios Corp LION.N reported a quarterly adjusted loss of 32 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of nine analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -29 cents to -12 cents per share.

• Revenue fell 10.6% to $525.90 million from a year ago; analysts expected $564.64 million.

• Lionsgate Studios Corp's reported EPS for the quarter was a loss of 40 cents​.

• The company reported a quarterly loss of $108.9 million.

• Lionsgate Studios Corp shares had risen by 1.0% this quarter and lost 22.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 738.1% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "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 Lionsgate Studios Corp is $8.75, about 32.5% above its last closing price of $5.91

This summary was machine generated from LSEG data August 8 at 04:11 a.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)