Cineverse (NASDAQ:CNVS) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Cineverse (NASDAQ:CNVS) issued its quarterly earnings data on Monday. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.15, Zacks reports. The business had revenue of $9.86 million during the quarter. Cineverse had a negative net margin of 18.84% and a negative return on equity of 24.65%.

Cineverse Trading Down 12.0 %

Shares of NASDAQ:CNVS opened at $0.79 on Wednesday. The company has a market capitalization of $10.56 million, a PE ratio of -0.46 and a beta of 1.68. Cineverse has a twelve month low of $0.78 and a twelve month high of $3.93. The firm has a 50 day simple moving average of $0.90 and a 200-day simple moving average of $1.21.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “speculative buy” rating and set a $9.00 price objective on shares of Cineverse in a research report on Tuesday.

Cineverse Company Profile

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.