Zacks: Brokerages Anticipate Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) Will Post Quarterly Sales of $9.61 Million

Equities research analysts predict that Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) will post $9.61 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Chicken Soup for The Soul Entrtnmnt’s earnings, with the lowest sales estimate coming in at $9.10 million and the highest estimate coming in at $10.11 million. Chicken Soup for The Soul Entrtnmnt reported sales of $2.94 million in the same quarter last year, which indicates a positive year over year growth rate of 226.9%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 13th.

On average, analysts expect that Chicken Soup for The Soul Entrtnmnt will report full-year sales of $60.90 million for the current year, with estimates ranging from $51.69 million to $70.10 million. For the next financial year, analysts forecast that the business will report sales of $105.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Chicken Soup for The Soul Entrtnmnt.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.21). Chicken Soup for The Soul Entrtnmnt had a negative net margin of 12.85% and a negative return on equity of 2.24%. The company had revenue of $2.53 million during the quarter, compared to analyst estimates of $6.54 million.

Several equities analysts have recently issued reports on the company. Maxim Group lifted their price target on Chicken Soup for The Soul Entrtnmnt from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Northland Securities restated a “buy” rating and set a $15.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Thursday, May 16th. Finally, ValuEngine downgraded Chicken Soup for The Soul Entrtnmnt from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th.

Shares of CSSE traded up $0.07 during midday trading on Friday, hitting $7.49. The company’s stock had a trading volume of 3,661 shares, compared to its average volume of 24,235. Chicken Soup for The Soul Entrtnmnt has a one year low of $6.75 and a one year high of $13.11. The company’s fifty day moving average price is $8.12. The company has a market cap of $30.81 million, a PE ratio of -46.81 and a beta of 1.46.

An institutional investor recently raised its position in Chicken Soup for The Soul Entrtnmnt stock. Royce & Associates LP grew its stake in shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) by 45.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,027 shares of the company’s stock after acquiring an additional 96,527 shares during the period. Royce & Associates LP owned 7.49% of Chicken Soup for The Soul Entrtnmnt worth $3,844,000 at the end of the most recent reporting period. Institutional investors own 18.92% of the company’s stock.

Chicken Soup for The Soul Entrtnmnt Company Profile

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.

Further Reading: Oversold

Get a free copy of the Zacks research report on Chicken Soup for The Soul Entrtnmnt (CSSE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chicken Soup for The Soul Entrtnmnt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicken Soup for The Soul Entrtnmnt and related companies with MarketBeat.com's FREE daily email newsletter.