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Lionsgate Studios Corp. (LION) Surges 13.9%: Is This an Indication of Further Gains?
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Lionsgate Studios Corp. (LION - Free Report) shares rallied 13.9% in the last trading session to close at $16.36. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 14.4% gain over the past four weeks.
Lionsgate shares are benefitting from speculation that Netflix may pursue an acquisition of the studio, fueling renewed merger and consolidation interest across the media sector.
This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +96.9%. Revenues are expected to be $704.23 million, up 33.9% 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 been revised 28.6% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. 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 a member of the Zacks Media Conglomerates industry. One other stock in the same industry, Atlanta Braves Holdings, Inc. (BATRA - Free Report) , finished the last trading session 0.4% higher at $55.24. BATRA has returned 0.8% over the past month.
For Atlanta Braves Holdings, Inc., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.42. This represents a change of -8.7% from what the company reported a year ago. Atlanta Braves Holdings, Inc. currently has a Zacks Rank of #4 (Sell).
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Lionsgate Studios Corp. (LION) Surges 13.9%: Is This an Indication of Further Gains?
Lionsgate Studios Corp. (LION - Free Report) shares rallied 13.9% in the last trading session to close at $16.36. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 14.4% gain over the past four weeks.
Lionsgate shares are benefitting from speculation that Netflix may pursue an acquisition of the studio, fueling renewed merger and consolidation interest across the media sector.
This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +96.9%. Revenues are expected to be $704.23 million, up 33.9% 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 been revised 28.6% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. 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 #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Lionsgate Studios Corp. is a member of the Zacks Media Conglomerates industry. One other stock in the same industry, Atlanta Braves Holdings, Inc. (BATRA - Free Report) , finished the last trading session 0.4% higher at $55.24. BATRA has returned 0.8% over the past month.
For Atlanta Braves Holdings, Inc., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.42. This represents a change of -8.7% from what the company reported a year ago. Atlanta Braves Holdings, Inc. currently has a Zacks Rank of #4 (Sell).