B. Riley Equities Analysts Decrease Earnings Estimates for Redbox Entertainment Inc. (NASDAQ:RDBX)

Redbox Entertainment Inc. (NASDAQ:RDBXGet Rating) – Investment analysts at B. Riley reduced their Q2 2022 EPS estimates for shares of Redbox Entertainment in a note issued to investors on Monday, May 16th. B. Riley analyst E. Wold now anticipates that the company will earn ($0.76) per share for the quarter, down from their prior estimate of ($0.52). B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Redbox Entertainment’s Q3 2022 earnings at ($0.34) EPS, Q4 2022 earnings at ($0.16) EPS, FY2022 earnings at ($2.16) EPS, Q1 2023 earnings at ($0.16) EPS, Q2 2023 earnings at ($0.10) EPS and Q4 2023 earnings at $0.87 EPS.

Other research analysts also recently issued reports about the company. Wedbush downgraded Redbox Entertainment from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 11th. Canaccord Genuity Group reduced their price objective on Redbox Entertainment from $16.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, April 20th. Zacks Investment Research raised Redbox Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Canaccord Genuity Group reduced their price objective on Redbox Entertainment from $16.00 to $3.00 in a research note on Wednesday, April 20th. Finally, BTIG Research downgraded Redbox Entertainment from a “buy” rating to a “neutral” rating in a research note on Monday, April 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of 9.57.

Shares of NASDAQ:RDBX opened at 3.73 on Thursday. The business has a 50 day moving average of 3.22 and a two-hundred day moving average of 5.90. Redbox Entertainment has a 12-month low of 1.61 and a 12-month high of 27.22.

A number of large investors have recently modified their holdings of RDBX. Apollo Management Holdings L.P. purchased a new stake in Redbox Entertainment in the 4th quarter valued at about $255,841,000. Standard General L.P. purchased a new stake in Redbox Entertainment in the 4th quarter valued at about $7,260,000. Kepos Capital LP purchased a new stake in Redbox Entertainment in the 4th quarter valued at about $815,000. B. Riley Asset Management LLC purchased a new stake in Redbox Entertainment in the 4th quarter valued at about $600,000. Finally, Geode Capital Management LLC purchased a new stake in Redbox Entertainment in the 4th quarter valued at about $440,000.

Redbox Entertainment Company Profile (Get Rating)

Redbox Entertainment Inc operates a network of self-service kiosks in the United States. It operates a network of approximately 38,000 self-service kiosks, where consumers could rent or purchase new-release DVDs and Blu-ray Discs. The company provides installation, merchandising, and break-fix services to other kiosk businesses.

Further Reading

Earnings History and Estimates for Redbox Entertainment (NASDAQ:RDBX)

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