Lions Gate Entertainment (LGF.A) is set to release fourth quarter fiscal 2023 results on May 25.
The Zacks Consensus Estimate for the top line is currently pegged at $970.16 million, representing an increase of 4.33% from the year-ago quarter.
The consensus mark for earnings over the past 30 days has held steady at 12 cents per share, indicating 100% year-over-year growth.
Lions Gate Entertainment Corp. Price and EPS Surprises
Lions Gate Entertainment Corp. Price and EPS Surprises
Lions Gate Entertainment Corp. Value-EPS-Surprise | Lions Gate Entertainment Corp Quote
factors to consider
Lions Gate’s fourth quarter performance is expected to be fueled by rebounding domestic box offices and renewals of six flagship Lionsgate television series.
Revenue from Lions Gate’s 17,000-title film and television library grows to $845 million in the third quarter of fiscal 2023. This trend is expected to continue in the quarter under report.
Lions Gate had a strong slate of content released in the quarter under review. These ingredients include john wick 4 and new chapters of saw, the expendables And dirty dancing Franchisee. This is expected to positively impact the top line in the quarter under report.
Lions Gate’s TV segment profits are growing at 50% year-over-year, driven by three consecutive years of strong television slates financially. This momentum is expected to continue in the quarter under report.
what our model revealed
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of beating earnings. But it is not so here.
Lions Gate has an Earnings ESP of 0.00% and the Zacks Rank is #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to consider
Here are a few companies you might want to consider that our model suggests have the right combination of elements to drive earnings growth in their upcoming releases:
difference GPS has an Earnings ESP of +9.48% and currently has a Zacks Rank #3. you can see Full list of today’s Zacks #1 ranked stocks here,
GPS is scheduled to release first quarter fiscal year 2023 results on May 25. Zacks Consensus Estimates are pegged at a loss of 17 cents per share, which suggests growth of 61.36% year over year.
NVIDIA NVDA has an Earnings ESP of +2.43% and is currently Zacks Rank #3.
NVDA is set to report first quarter fiscal year 2024 results on May 24. The Zacks Consensus Estimate for NVDA’s first-quarter earnings is pegged at 92 cents per share, indicating a decline of 32.4% year-over-year.
costco wholesale COST has an Earnings ESP of +0.04% and currently has a Zacks Rank #3.
COST is scheduled to report third quarter fiscal 2023 results on May 25. The Zacks Consensus Estimate for COST’s earnings per share is pegged at $3.32, suggesting growth of 4.7% from the reported figure for the prior-year quarter.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Jax Investment Research
Source: finance.yahoo.com
