Cineverse Sees FY24 Revenue $62M-$70M Vs $70.22M Est.
Portfolio Pulse from Benzinga Newsdesk
Cineverse has projected its FY24 revenue to be between $62M and $70M, which is lower than the estimated $70.22M.
June 29, 2023 | 8:31 pm
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Cineverse's lower than expected FY24 revenue forecast could negatively impact its stock price.
Companies' stock prices are often influenced by their financial forecasts. In this case, Cineverse's lower than expected revenue forecast for FY24 could lead investors to sell their shares, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
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