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• Reservoir Media Inc RSVR.OQ reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended in March, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 2 cents per share.

• Revenue rose 12.5% to $39.15 million from a year ago; analysts expected $35.36 million.

• Reservoir Media Inc's reported EPS for the quarter was 4 cents​.

• The company reported quarterly income of $2.8 million.

• Reservoir Media Inc shares had fallen by 1.8% this quarter and gained 9.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% in the last three months.​

• In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," "hold" and "sell" or "strong sell."

• The average consensus recommendation for the entertainment production peer group is also "buy"

Wall Street's median 12-month price target for Reservoir Media Inc is $13.00

This summary was machine generated from LSEG data May 30 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)