$9.61 Million in Sales Expected for Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) This Quarter

Equities research analysts expect Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) to announce $9.61 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Chicken Soup for The Soul Entrtnmnt’s earnings. The highest sales estimate is $10.11 million and the lowest is $9.10 million. Chicken Soup for The Soul Entrtnmnt reported sales of $2.94 million in the same quarter last year, which indicates a positive year over year growth rate of 226.9%. The business is expected to report its next quarterly earnings report on Tuesday, August 13th.

On average, analysts expect that Chicken Soup for The Soul Entrtnmnt will report full-year sales of $60.90 million for the current financial year, with estimates ranging from $51.69 million to $70.10 million. For the next year, analysts anticipate that the company will report sales of $105.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Chicken Soup for The Soul Entrtnmnt.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last issued its earnings results on Wednesday, May 15th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 2.24% and a negative net margin of 12.85%. The firm had revenue of $2.53 million for the quarter, compared to analysts’ expectations of $6.54 million.

A number of equities research analysts have recently issued reports on CSSE shares. Maxim Group started coverage on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Wednesday, April 24th. They issued a “buy” rating on the stock. ValuEngine raised shares of Chicken Soup for The Soul Entrtnmnt from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Northland Securities reissued a “buy” rating and issued a $15.00 price target on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Sunday, April 7th.

A hedge fund recently raised its stake in Chicken Soup for The Soul Entrtnmnt stock. Royce & Associates LP boosted its position in shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 45.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,027 shares of the company’s stock after acquiring an additional 96,527 shares during the period. Royce & Associates LP owned about 7.49% of Chicken Soup for The Soul Entrtnmnt worth $3,844,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 18.92% of the company’s stock.

Shares of Chicken Soup for The Soul Entrtnmnt stock traded up $0.07 on Friday, reaching $7.49. The company had a trading volume of 3,661 shares, compared to its average volume of 24,235. The business has a 50 day simple moving average of $8.12. The stock has a market cap of $30.81 million, a price-to-earnings ratio of -46.81 and a beta of 1.46. Chicken Soup for The Soul Entrtnmnt has a 52-week low of $6.75 and a 52-week high of $13.11.

About Chicken Soup for The Soul Entrtnmnt

Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video-on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

See Also: What is required to own or exchange cryptocurrency?

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

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

Receive News & Ratings for Chicken Soup for The Soul Entrtnmnt 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 Entrtnmnt and related companies with MarketBeat.com's FREE daily email newsletter.