Cineverse (CNVS) Set to Announce Quarterly Earnings on Thursday

Cineverse (NASDAQ:CNVS) will issue its quarterly earnings data after the market closes on Thursday, November 14th.

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

Cineverse Trading Down 0.4 %

Shares of NASDAQ:CNVS opened at $2.52 on Friday. The stock’s 50-day moving average price is $1.43 and its two-hundred day moving average price is $1.06. Cineverse has a 12-month low of $0.71 and a 12-month high of $3.93. The firm has a market cap of $39.59 million, a price-to-earnings ratio of -1.62 and a beta of 1.47.

Wall Street Analyst Weigh In

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

About Cineverse

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.