Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Expected to Post Quarterly Sales of $29.93 Million

Brokerages forecast that Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE – Get Rating) will announce sales of $29.93 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Chicken Soup for the Soul Entertainment’s earnings. The highest sales estimate is $30.89 million and the lowest is $28.96 million. Chicken Soup for the Soul Entertainment posted sales of $22.14 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 35.2%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Chicken Soup for the Soul Entertainment will report full-year sales of $144.81 million for the current financial year, with estimates ranging from $141.09 million to $148.53 million. For the next year, analysts expect that the firm will report sales of $196.32 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Chicken Soup for the Soul Entertainment.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE – Get Rating) last posted its quarterly earnings results on Thursday, March 31st. The company reported ($1.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.87). Chicken Soup for the Soul Entertainment had a negative return on equity of 57.35% and a negative net margin of 47.52%. The business had revenue of $35.97 million during the quarter. During the same quarter in the previous year, the company posted ($0.54) earnings per share.

A number of research analysts recently commented on CSSE shares. Alliance Global Partners lowered their price target on Chicken Soup for the Soul Entertainment from $31.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, May 12th. They noted that the move was a valuation call. Canaccord Genuity Group cut their target price on Chicken Soup for the Soul Entertainment from $38.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, April 1st. Craig Hallum cut their target price on Chicken Soup for the Soul Entertainment from $54.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, April 1st. B. Riley downgraded Chicken Soup for the Soul Entertainment from a “buy” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $26.00 in a research report on Friday, May 13th. Finally, Guggenheim assumed coverage on Chicken Soup for the Soul Entertainment in a research report on Tuesday, May 17th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $28.88.

Large investors have recently bought and sold shares of the business. Hood River Capital Management LLC acquired a new stake in shares of Chicken Soup for the Soul Entertainment in the third quarter valued at $539,000. Granahan Investment Management Inc. MA lifted its holdings in shares of Chicken Soup for the Soul Entertainment by 27.9% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 983,484 shares of the company’s stock valued at $22,492,000 after purchasing an additional 214,729 shares during the last quarter. Cornerstone Advisory LLC purchased a new stake in shares of Chicken Soup for the Soul Entertainment in the 4th quarter valued at about $36,000. PDT Partners LLC raised its stake in Chicken Soup for the Soul Entertainment by 45.9% during the 4th quarter. PDT Partners LLC now owns 19,350 shares of the company’s stock valued at $268,000 after acquiring an additional 6,087 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Chicken Soup for the Soul Entertainment during the 4th quarter valued at approximately $303,000. Institutional investors own 37.16% of the company’s stock.

NASDAQ CSSE opened at $6.45 on Monday. The stock’s 50 day moving average is $7.92 and its 200 day moving average is $10.38. Chicken Soup for the Soul Entertainment has a 12 month low of $4.35 and a 12 month high of $47.72. The stock has a market cap of $99.12 million, a PE ratio of -1.56 and a beta of 1.39.

Chicken Soup for the Soul Entertainment Company Profile (Get Rating)

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix.

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