Equities analysts expect Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) to post $29.14 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Chicken Soup for the Soul Entertainment’s earnings, with the highest sales estimate coming in at $30.25 million and the lowest estimate coming in at $28.02 million. Chicken Soup for the Soul Entertainment posted sales of $19.97 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 45.9%. The business is scheduled to report its next earnings results on Thursday, November 11th.
According to Zacks, analysts expect that Chicken Soup for the Soul Entertainment will report full year sales of $108.34 million for the current financial year, with estimates ranging from $105.93 million to $110.74 million. For the next financial year, analysts expect that the company will post sales of $147.51 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Chicken Soup for the Soul Entertainment.
Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last announced its quarterly earnings data on Tuesday, August 10th. The company reported ($0.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.23). Chicken Soup for the Soul Entertainment had a negative net margin of 42.89% and a negative return on equity of 54.07%. The business had revenue of $22.14 million during the quarter, compared to analysts’ expectations of $24.20 million.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Chicken Soup for the Soul Entertainment by 7,379.9% during the 2nd quarter. BlackRock Inc. now owns 602,280 shares of the company’s stock valued at $24,934,000 after buying an additional 594,228 shares during the period. Bank of America Corp DE grew its stake in shares of Chicken Soup for the Soul Entertainment by 2,876.7% during the 2nd quarter. Bank of America Corp DE now owns 604,560 shares of the company’s stock valued at $25,029,000 after buying an additional 584,250 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of Chicken Soup for the Soul Entertainment during the 1st quarter valued at $13,670,000. Islet Management LP purchased a new stake in shares of Chicken Soup for the Soul Entertainment during the 1st quarter valued at $12,260,000. Finally, State Street Corp purchased a new stake in shares of Chicken Soup for the Soul Entertainment during the 2nd quarter valued at $6,230,000. 31.87% of the stock is owned by hedge funds and other institutional investors.
CSSE traded down $1.69 during trading on Friday, reaching $24.08. The company’s stock had a trading volume of 619 shares, compared to its average volume of 101,777. Chicken Soup for the Soul Entertainment has a 52-week low of $12.81 and a 52-week high of $47.72. The company’s fifty day moving average price is $28.24 and its 200-day moving average price is $31.58. The company has a market capitalization of $391.06 million, a price-to-earnings ratio of -7.51 and a beta of 1.56.
Chicken Soup for the Soul Entertainment Company Profile
Chicken Soup for the Soul Entertainment, Inc is an emerging growth company, which engages in the production and distribution of video content. The firm distributes and exhibits video on-demand content directly to consumers across all digital platforms, such as smartphones, tablets, gaming consoles. It also provides distribution of movies and television series worldwide to consumers through license agreements across all media, including theatrical, home video, pay-per-view, free, cable and pay television, VOD and new digital media platforms worldwide.
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