Cineverse (CNVS) Set to Announce Quarterly Earnings on Thursday

Cineverse (NASDAQ:CNVS) is scheduled to announce its earnings results after the market closes on Thursday, November 14th.

Cineverse (NASDAQ:CNVS) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). Cineverse had a negative net margin of 46.23% and a negative return on equity of 19.19%. The firm had revenue of $9.13 million during the quarter.

Cineverse Trading Down 0.4 %

Shares of Cineverse stock opened at $2.52 on Friday. The company has a fifty day simple moving average of $1.43 and a 200-day simple moving average of $1.06. Cineverse has a 12-month low of $0.71 and a 12-month high of $3.93. The stock has a market cap of $39.59 million, a price-to-earnings ratio of -1.62 and a beta of 1.47.

Analyst Ratings Changes

Separately, Alliance Global Partners increased their target price on Cineverse from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd.

Cineverse Company Profile

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.