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• Reservoir Media Inc RSVR.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of three analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -2 cents to 11 cents per share.

• Revenue rose 7.8% to $34.32 million from a year ago; analysts expected $33.92 million.

• Reservoir Media Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $346 thousand.

• Reservoir Media Inc shares had risen by 5.2% this quarter and gained 16.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 400% 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 July 31 at 01:32 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)