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• Cineverse Corp CNVS.OQ reported a quarterly adjusted loss of 20 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -37 cents. The lone analyst forecast for the quarter was for a loss of 13 cents per share.

• Revenue fell 29.7% to $9.13 million from a year ago; analysts expected $10.65 million.

• Cineverse Corp's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $3.16 million.

• Cineverse Corp shares had fallen by 9.0% this quarter and lost 40.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 23.5% 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 1 "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 Cineverse Corp is $9.00

This summary was machine generated from LSEG data August 15 at 05:07 a.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)