Lions Gate Entertainment Corp. (NYSE:LGF) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5%.
Lions Gate Entertainment Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.66 in the quarter versus EPS of $-0.17 in the year-earlier quarter.
Revenue: Rose 21.77% to $785.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Lions Gate Entertainment Corp. reported adjusted EPS income of $0.66 per share. By that measure, the company beat the mean analyst estimate of $0.44. It beat the average revenue estimate of $753.02 million.
Quoting Management: “We completed a stellar fiscal 2013 with an outstanding fourth quarter that reflected strong contributions from our young adult franchises as well as the rest of our theatrical slate and our home entertainment and international businesses,” said Lionsgate Chief Executive Officer Jon Feltheimer. “We are performing ahead of plan for all of our metrics, and we’re pleased with the financial strength of our diverse portfolio of businesses and our strong and growing momentum building Lionsgate into a next generation global content leader.”
Key Stats (on next page)…
EPS increased 144.44% from $0.27 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.06 to a profit $0.03. For the current year, the average estimate has moved up from a profit of $0.90 to a profit of $0.96 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)