Brokerages Expect iPic Entertainment Inc (IPIC) Will Announce Earnings of -$0.80 Per Share

Equities analysts predict that iPic Entertainment Inc (NASDAQ:IPIC) will post earnings per share of ($0.80) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for iPic Entertainment’s earnings, with the lowest EPS estimate coming in at ($0.94) and the highest estimate coming in at ($0.65). The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that iPic Entertainment will report full-year earnings of ($5.83) per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of ($3.24) per share, with EPS estimates ranging from ($4.28) to ($2.19). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow iPic Entertainment.

iPic Entertainment (NASDAQ:IPIC) last issued its quarterly earnings data on Tuesday, November 6th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.25). The firm had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $33.38 million.

IPIC has been the subject of a number of analyst reports. Barrington Research reiterated a “buy” rating and set a $9.00 price objective on shares of iPic Entertainment in a report on Tuesday, August 21st. Zacks Investment Research upgraded shares of iPic Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. Telsey Advisory Group cut shares of iPic Entertainment from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $15.50 to $8.00 in a report on Wednesday, November 7th. Finally, Roth Capital reduced their price objective on shares of iPic Entertainment from $18.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, November 7th.

Shares of NASDAQ IPIC traded down $0.04 during mid-day trading on Thursday, reaching $3.11. 19,000 shares of the company’s stock traded hands, compared to its average volume of 13,133. iPic Entertainment has a 1-year low of $3.00 and a 1-year high of $17.00.

A hedge fund recently bought a new stake in iPic Entertainment stock. Vanguard Group Inc. acquired a new stake in shares of iPic Entertainment Inc (NASDAQ:IPIC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 37,683 shares of the company’s stock, valued at approximately $231,000. Vanguard Group Inc. owned about 0.33% of iPic Entertainment at the end of the most recent reporting period. Institutional investors and hedge funds own 0.40% of the company’s stock.

About iPic Entertainment

iPic Entertainment Inc operates restaurants and theaters in the United States. The company operates casual restaurants, farm-to-glass full-service bars, and theater auditoriums with in-theater dining. It operates restaurants under the City Perch Kitchen + Bar, Tanzy, The Tuck Room, The Tuck Room Tavern, and iPic Express brands.

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Earnings History and Estimates for iPic Entertainment (NASDAQ:IPIC)

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