$952.22 Million in Sales Expected for Lions Gate Entertainment Corp. (LGF.A) This Quarter
Brokerages expect Lions Gate Entertainment Corp. (NYSE:LGF.A) to report $952.22 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Lions Gate Entertainment’s earnings. The highest sales estimate is $1.02 billion and the lowest is $900.45 million. Lions Gate Entertainment posted sales of $932.70 million in the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The firm is expected to announce its next earnings results on Thursday, August 8th.
According to Zacks, analysts expect that Lions Gate Entertainment will report full year sales of $4.02 billion for the current year, with estimates ranging from $3.65 billion to $4.36 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.31 billion, with estimates ranging from $4.21 billion to $4.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Lions Gate Entertainment.
Several research analysts have recently issued reports on LGF.A shares. Zacks Investment Research cut Lions Gate Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. ValuEngine cut Lions Gate Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. Barrington Research reissued a “buy” rating and issued a $27.00 price target on shares of Lions Gate Entertainment in a research note on Friday, February 8th. Macquarie reissued a “buy” rating and issued a $29.00 price target on shares of Lions Gate Entertainment in a research note on Monday, February 11th. Finally, 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 note on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.89.
About Lions Gate Entertainment
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.
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