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Nexstar Media Group, Inc (NXST) - free report >>
Chicken Soup for the Soul Entertainment, Inc. (CSSE) - free report >>
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Chicken Soup for the Soul Entertainment, Inc. (CSSE) Stock Jumps 10.5%: Will It Continue to Soar?
Chicken Soup for the Soul Entertainment, Inc. (CSSE - Free Report) shares ended the last trading session 10.5% higher at $12.70. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 30.4% gain over the past four weeks.
Chicken Soup for the Soul Entertainment has been consistently growing its library and content pipeline. With the completion of the acquisition of Sonar, more than 2,000 hours of high-quality programming and 1,000 titles have been added across its extensive content library. In addition, CSSE doubled its library yet again with the acquisition of 1091.
The company has also been focusing on rolling out the Chicken Soup for the Soul service more broadly, opening up avenues for driving revenues from its quality content and thereby expanding its viewership base.
This company is expected to post quarterly loss of $0.55 per share in its upcoming report, which represents a year-over-year change of +17.9%. Revenues are expected to be $28.7 million, up 23.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Chicken Soup for the Soul Entertainment, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CSSE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Chicken Soup for the Soul Entertainment, Inc. is part of the Zacks Broadcast Radio and Television industry. Nexstar Broadcasting Group (NXST - Free Report) , another stock in the same industry, closed the last trading session 0.4% lower at $186.27. NXST has returned 2.1% in the past month.
For Nexstar, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $4.33. This represents a change of -2% from what the company reported a year ago. Nexstar currently has a Zacks Rank of #3 (Hold).