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CuriosityStream Inc. (CURI) Reports Q3 Loss, Lags Revenue Estimates
CURICuriosity(CURI) ZACKS·2024-11-07 00:26

Company Performance - CuriosityStream Inc. reported a quarterly loss of 0.06pershare,whichwasworsethantheZacksConsensusEstimateofalossof0.06 per share, which was worse than the Zacks Consensus Estimate of a loss of 0.01, and an improvement from a loss of 0.14pershareayearago,indicatingasignificantearningssurpriseof−5000.14 per share a year ago, indicating a significant earnings surprise of -500% [1] - The company posted revenues of 12.6 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.67%, and down from 15.63millioninthesamequarterlastyear[2]−Overthelastfourquarters,CuriosityStreamhassurpassedconsensusEPSestimatestwotimesandtoppedconsensusrevenueestimatesjustonce[2]StockPerformance−CuriosityStreamshareshaveincreasedapproximately346.215.63 million in the same quarter last year [2] - Over the last four quarters, CuriosityStream has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - CuriosityStream shares have increased approximately 346.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is -0.01 on revenues of 15.4million,andforthecurrentfiscalyear,itis−15.4 million, and for the current fiscal year, it is -0.15 on revenues of $53.6 million [7] Industry Outlook - The Film and Television Production and Distribution industry, to which CuriosityStream belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact CuriosityStream's stock performance [5]