Lions Gate Entertainment Corporation Class A Voting Shares Q3 2024 Adj EPS $0.27 Beats $(0.06) Estimate, Sales $975.10M Miss $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lions Gate Entertainment Corporation (LGF) reported Q3 2024 adjusted EPS of $0.27, surpassing the $(0.06) estimate, but its sales of $975.10M fell short of the $1.02B forecast. This represents a 10% decrease in earnings and a 2.49% decrease in sales from the same period last year.
February 08, 2024 | 9:49 pm
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Lions Gate Entertainment (LGF) reported a Q3 2024 EPS of $0.27, beating estimates, but missed on sales forecasts with $975.10M versus the expected $1.02B.
While LGF beat EPS estimates significantly, the miss on sales forecasts and the year-over-year decline in both earnings and sales could lead to mixed investor sentiment. The positive EPS surprise may support the stock price, but the sales miss and declines could temper gains, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100