Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) producer of video content-television programming, is expected to report third quarter earnings results, after market close, on Thursday 12th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.69 per share.
Looking ahead, the full year loss are expected at $ 3.17 per share on the revenues of $ 67.36 million.
Previous Quarter Performance
Chicken Soup for the Soul Entertainment, Inc. posted loss for the second quarter of $ 0.83 per share, from the revenue of $ 13.52 million. The quarterly revenues shrunk 20.70 percent compared with the same quarter last year. Wall street analysts are predicting, CSSE to report 2Q20 loss of $ 0.66 per share from revenue of $ 16.46 million. The bottom line results missed street analysts by $ 0.17 or 25.76 percent, at the same time, top line results fell short of analysts by $ 2.94 million or 17.86 percent.
Stock Performance
Shares of Chicken Soup for the Soul Entertainment, Inc. traded up $ 1.22 or 8.41 percent on Wednesday, reaching $ 15.72 with volume of 90.70 thousand shares. Chicken Soup for the Soul Entertainment, Inc. has traded high as $ 16.20 and has cracked $ 14.58 on the downward trend
The closing price of $ 15.72, representing a 211.16 % increase from the 52 week low of $ 4.66 and a 18.99 % decrease over the 52 week high of $ 17.90.
The company has a market capital of $ 198.84 million and is part of the Consumer Cyclical sector and Broadcasting – TV industry.
Conference Call
Chicken Soup for the Soul Entertainment, Inc. will be hosting a conference call at 4:30 PM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, (833) 832-5128 U.S. or (484) 747-6583 Outside U.S., with passcode : 2772449 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.cssentertainment.com
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. The company also distributes movies and television series to consumers through license agreements in various media, such as theatrical, home video, pay-per-view, free, cable and pay television, VOD, mobile, and new digital media platforms; and owns the copyright or long-term distribution rights to approximately 1,500 television series and feature films.
