Earnings Outlook For Cineverse
Portfolio Pulse from Benzinga Insights
Cineverse (NASDAQ:CNVS) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $0.00. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $2.14, down 78.25% over the last 52-week period.
June 28, 2023 | 2:03 pm
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Cineverse is expected to report an EPS of $0.00 in its upcoming earnings report. Despite beating EPS estimates in the past, the company's share price has typically dropped following the announcement.
Cineverse has a history of beating EPS estimates but experiencing a drop in share price following the announcement. Given this trend and the current negative returns, the upcoming earnings report could potentially lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100