$14.65 Million in Sales Expected for Cinedigm Corp (CIDM) This Quarter
Analysts forecast that Cinedigm Corp (NASDAQ:CIDM) will announce $14.65 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Cinedigm’s earnings, with the lowest sales estimate coming in at $14.00 million and the highest estimate coming in at $15.29 million. Cinedigm reported sales of $17.67 million during the same quarter last year, which indicates a negative year over year growth rate of 17.1%. The firm is expected to report its next earnings results on Monday, June 24th.
On average, analysts expect that Cinedigm will report full-year sales of $56.11 million for the current financial year, with estimates ranging from $55.47 million to $56.76 million. For the next financial year, analysts forecast that the business will report sales of $45.51 million, with estimates ranging from $41.01 million to $50.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Cinedigm.
Cinedigm (NASDAQ:CIDM) last issued its quarterly earnings data on Wednesday, February 13th. The business services provider reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The firm had revenue of $14.64 million during the quarter, compared to the consensus estimate of $12.87 million.
NASDAQ:CIDM traded down $0.02 during mid-day trading on Monday, hitting $1.97. 582 shares of the company traded hands, compared to its average volume of 206,402. Cinedigm has a one year low of $0.48 and a one year high of $2.04. The firm has a market capitalization of $71.36 million, a PE ratio of -2.47 and a beta of 1.80.
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group.
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