Equities analysts forecast that Lions Gate Entertainment Corp. (NYSE:LGF.A) will announce earnings of $0.18 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Lions Gate Entertainment’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.09. Lions Gate Entertainment posted earnings of $0.25 per share in the same quarter last year, which would indicate a negative year over year growth rate of 28%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, May 23rd.
According to Zacks, analysts expect that Lions Gate Entertainment will report full year earnings of $0.93 per share for the current year, with EPS estimates ranging from $0.85 to $1.03. For the next year, analysts expect that the business will report earnings of $1.45 per share, with EPS estimates ranging from $1.30 to $1.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Lions Gate Entertainment.
LGF.A has been the subject of a number of research reports. Barrington Research reiterated a “buy” rating and set a $27.00 price objective on shares of Lions Gate Entertainment in a research report on Friday, February 8th. Imperial Capital cut Lions Gate Entertainment from an “outperform” rating to an “in-line” rating and set a $24.00 price target for the company. in a research report on Monday, April 29th. Macquarie restated a “buy” rating and issued a $29.00 price target on shares of Lions Gate Entertainment in a research report on Monday, February 11th. ValuEngine cut Lions Gate Entertainment from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research upgraded Lions Gate Entertainment from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $25.22.
Lions Gate Entertainment Company Profile
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment in Canada, the United States, and internationally. The company operates through three segments: Motion Pictures, Television Production, and Media Networks.
See Also: How is inflation measured?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lions Gate Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lions Gate Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.