Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Expected to Announce Earnings of -$0.70 Per Share

Equities analysts expect that Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEGet Rating) will report earnings of ($0.57) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Chicken Soup for the Soul Entertainment’s earnings, with the lowest EPS estimate coming in at ($0.77) and the highest estimate coming in at ($0.37). Chicken Soup for the Soul Entertainment reported earnings per share of ($0.79) during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.8%. The company is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Chicken Soup for the Soul Entertainment will report full year earnings of ($1.05) per share for the current financial year, with EPS estimates ranging from ($2.49) to $0.67. For the next fiscal year, analysts anticipate that the company will report earnings of ($1.54) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Chicken Soup for the Soul Entertainment.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSEGet Rating) last released its quarterly earnings data on Thursday, March 31st. The company reported ($1.38) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.87). The company had revenue of $35.97 million during the quarter. Chicken Soup for the Soul Entertainment had a negative net margin of 47.52% and a negative return on equity of 54.10%. During the same quarter in the previous year, the business earned ($0.54) earnings per share.

CSSE has been the topic of a number of recent analyst reports. Needham & Company LLC cut their price target on Chicken Soup for the Soul Entertainment from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, January 21st. Craig Hallum dropped their price target on Chicken Soup for the Soul Entertainment from $54.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, April 1st. Canaccord Genuity Group dropped their price target on Chicken Soup for the Soul Entertainment from $38.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, April 1st. B. Riley cut shares of Chicken Soup for the Soul Entertainment from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $32.00 to $26.00 in a research report on Friday. Finally, Alliance Global Partners lowered their price objective on shares of Chicken Soup for the Soul Entertainment from $31.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $28.88.

NASDAQ:CSSE opened at $5.48 on Friday. The company has a market capitalization of $84.23 million, a price-to-earnings ratio of -1.33 and a beta of 1.38. Chicken Soup for the Soul Entertainment has a one year low of $4.35 and a one year high of $47.72. The stock has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $11.87.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new stake in Chicken Soup for the Soul Entertainment in the first quarter valued at about $54,000. Royce & Associates LP increased its stake in Chicken Soup for the Soul Entertainment by 4.2% in the first quarter. Royce & Associates LP now owns 553,233 shares of the company’s stock valued at $4,420,000 after acquiring an additional 22,370 shares during the period. Advisor Group Holdings Inc. increased its stake in Chicken Soup for the Soul Entertainment by 740.9% in the first quarter. Advisor Group Holdings Inc. now owns 5,239 shares of the company’s stock valued at $42,000 after acquiring an additional 4,616 shares during the period. Barclays PLC increased its stake in Chicken Soup for the Soul Entertainment by 130.2% in the fourth quarter. Barclays PLC now owns 10,466 shares of the company’s stock valued at $145,000 after acquiring an additional 5,920 shares during the period. Finally, Cornerstone Advisory LLC bought a new stake in Chicken Soup for the Soul Entertainment during the fourth quarter worth about $36,000. 37.16% of the stock is currently owned by institutional investors and hedge funds.

Chicken Soup for the Soul Entertainment Company Profile (Get Rating)

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix.

Read More

Get a free copy of the Zacks research report on Chicken Soup for the Soul Entertainment (CSSE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chicken Soup for the Soul Entertainment (NASDAQ:CSSE)

Receive News & Ratings for Chicken Soup for the Soul Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicken Soup for the Soul Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.