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Lionsgate Studios Corp. (LION) Soars 12.5%: Is Further Upside Left in the Stock?
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Lionsgate Studios Corp. (LION - Free Report) shares soared 12.5% in the last trading session to close at $12.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.2% gain over the past four weeks.
LION gains from expanding franchise IP, strong box office momentum, record library revenues, rising backlog visibility and a robust fiscal 2027 tentpole pipeline with carryover revenues supporting growth outlook.
This company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +9.5%. Revenues are expected to be $808.39 million, down 24.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Lionsgate Studios Corp., 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 LION going forward to see if this recent jump can turn into more strength down the road.
Lionsgate Studios Corp. is part of the Zacks Media Conglomerates industry. Madison Square Garden Entertainment (MSGE - Free Report) , another stock in the same industry, closed the last trading session 2.7% higher at $62.78. MSGE has returned 6.5% in the past month.
For MSG Entertainment, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.14. This represents a change of -57.6% from what the company reported a year ago. MSG Entertainment currently has a Zacks Rank of #3 (Hold).
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Lionsgate Studios Corp. (LION) Soars 12.5%: Is Further Upside Left in the Stock?
Lionsgate Studios Corp. (LION - Free Report) shares soared 12.5% in the last trading session to close at $12.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.2% gain over the past four weeks.
LION gains from expanding franchise IP, strong box office momentum, record library revenues, rising backlog visibility and a robust fiscal 2027 tentpole pipeline with carryover revenues supporting growth outlook.
This company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +9.5%. Revenues are expected to be $808.39 million, down 24.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Lionsgate Studios Corp., 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 LION 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 >>>>
Lionsgate Studios Corp. is part of the Zacks Media Conglomerates industry. Madison Square Garden Entertainment (MSGE - Free Report) , another stock in the same industry, closed the last trading session 2.7% higher at $62.78. MSGE has returned 6.5% in the past month.
For MSG Entertainment, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.14. This represents a change of -57.6% from what the company reported a year ago. MSG Entertainment currently has a Zacks Rank of #3 (Hold).