Cineverse (CNVS) Set to Announce Quarterly Earnings on Thursday

Cineverse (NASDAQ:CNVS) is set to post its quarterly earnings results after the market closes on Thursday, November 14th. Investors that are interested in participating in the company’s conference call can do so using this link.

Cineverse (NASDAQ:CNVS) last announced its quarterly earnings results 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 for the quarter.

Cineverse Price Performance

Cineverse stock opened at $3.18 on Wednesday. The business has a 50 day moving average of $1.52 and a 200-day moving average of $1.10. The company has a market capitalization of $49.96 million, a P/E ratio of -1.99 and a beta of 1.47. Cineverse has a 1 year low of $0.71 and a 1 year high of $3.93.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners lifted their price target on shares of Cineverse from $4.00 to $4.50 and gave the stock a “buy” rating in a report 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.