Equities research analysts predict that Lions Gate Entertainment Corp. (NYSE:LGF.A) will announce $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Lions Gate Entertainment’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.31. Lions Gate Entertainment reported earnings per share of $0.25 during the same quarter last year, which indicates a positive year over year growth rate of 16%. The firm is scheduled to report its next quarterly earnings results on Thursday, May 23rd.
On average, analysts expect that Lions Gate Entertainment will report full-year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.94 to $1.03. For the next financial year, analysts forecast that the business will post earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Lions Gate Entertainment.
Several brokerages have commented on LGF.A. Deutsche Bank upgraded shares of Lions Gate Entertainment from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, December 18th. Zacks Investment Research raised Lions Gate Entertainment from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Thursday, February 7th. Macquarie restated a “buy” rating and issued a $29.00 price target on shares of Lions Gate Entertainment in a research report on Monday. Evercore ISI dropped their price objective on Lions Gate Entertainment from $31.00 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, December 13th. Finally, Barrington Research dropped their price objective on Lions Gate Entertainment to $21.00 and set an “outperform” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.60.
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