Cineverse (NASDAQ: CNVS) is set to announce its financial results for the fourth quarter of 2024 on Monday 1st July 2024. This highly anticipated announcement is scheduled to take place after market close. Investors will have the opportunity to learn more about the company’s performance during the quarter.
According to the consensus forecast of financial experts on Wall Street, the concern is expected to reveal an anticipated $0.21 loss per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $10.55 million.
Analysts forecasting the company’s performance for this year have been made public. The estimated total revenue is about $50.25 million. They also predict that throughout the course of the fiscal year, the business will make about loss of $0.80 per share.
In comparison to the same quarter of the prior year, the company’s financial statement showcased a per share of loss of $0.35. This was credited to the company’s total revenue, which reached an impressive $12.55 million in that particular timeframe.
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CNVS will host a conference call with investment community on 1st July 2024 at 04:30 PM eastern time to discuss the financial results.
CNVS shares closed Friday’s regular trading session at $0.89, an increase of 5.83 percent. The current trend reveals that the previous closing price is 2.2 percent down than 50 days moving average of $0.91.
