Equities analysts forecast that Cinedigm Corp (NASDAQ:CIDM) will report earnings per share of ($0.16) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cinedigm’s earnings, with the lowest EPS estimate coming in at ($0.19) and the highest estimate coming in at ($0.13). Cinedigm posted earnings per share of ($0.60) during the same quarter last year, which would suggest a positive year over year growth rate of 73.3%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, November 15th.

According to Zacks, analysts expect that Cinedigm will report full year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.67) to ($0.50). For the next fiscal year, analysts expect that the firm will post earnings of ($0.53) per share, with EPS estimates ranging from ($0.66) to ($0.40). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Cinedigm.

Cinedigm (NASDAQ:CIDM) last announced its quarterly earnings results on Tuesday, August 14th. The business services provider reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $13.08 million during the quarter, compared to analyst estimates of $12.50 million.

Separately, Dawson James initiated coverage on Cinedigm in a research note on Monday, October 22nd. They set a “buy” rating on the stock.

An institutional investor recently raised its position in Cinedigm stock. Renaissance Technologies LLC increased its stake in shares of Cinedigm Corp (NASDAQ:CIDM) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 859,423 shares of the business services provider’s stock after purchasing an additional 125,283 shares during the period. Renaissance Technologies LLC owned 2.45% of Cinedigm worth $1,332,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.02% of the company’s stock.

Shares of NASDAQ:CIDM traded down $0.02 during trading on Monday, hitting $0.88. 9,970 shares of the stock were exchanged, compared to its average volume of 230,867. The firm has a market capitalization of $30.51 million, a price-to-earnings ratio of -1.08 and a beta of 0.35. Cinedigm has a 12-month low of $0.78 and a 12-month high of $1.81.

Cinedigm Company Profile

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group.

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Earnings History and Estimates for Cinedigm (NASDAQ:CIDM)

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