Zacks: Cinedigm Corp (CIDM) Receives Average Recommendation of “Strong Buy” from Brokerages
Shares of Cinedigm Corp (NASDAQ:CIDM) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $2.78 for the company and are predicting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Cinedigm an industry rank of 200 out of 255 based on the ratings given to its competitors.
A number of brokerages have issued reports on CIDM. Canaccord Genuity set a $3.00 target price on Cinedigm and gave the stock a “buy” rating in a research report on Wednesday, April 10th. ValuEngine raised Cinedigm from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.
Cinedigm (NASDAQ:CIDM) last announced its earnings results on Wednesday, February 13th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.05. The company had revenue of $14.64 million for the quarter, compared to the consensus estimate of $12.87 million. Sell-side analysts forecast that Cinedigm will post -0.34 EPS for the current year.
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.
Featured Article: The basics of gap trading strategies
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cinedigm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cinedigm and related companies with MarketBeat.com's FREE daily email newsletter.