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

• Cineverse Corp CNVS.OQ reported a quarterly adjusted loss of 21 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of two analysts for the quarter was for a loss of 8 cents per share.

• Revenue rose 21.8% to $11.12 million from a year ago; analysts expected $10.17 million.

• Cineverse Corp's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $3.65 million.

• Cineverse Corp shares had risen by 25.1% this quarter and gained 63.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 30.4% 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 29.6% above its last closing price of $5.98

This summary was machine generated from LSEG data August 14 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)