$36.12 Million in Sales Expected for iPic Entertainment Inc (IPIC) This Quarter

Wall Street analysts predict that iPic Entertainment Inc (NASDAQ:IPIC) will post $36.12 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for iPic Entertainment’s earnings. The lowest sales estimate is $35.63 million and the highest is $36.60 million. The company is scheduled to report its next quarterly earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that iPic Entertainment will report full-year sales of $142.63 million for the current financial year, with estimates ranging from $142.16 million to $143.10 million. For the next financial year, analysts forecast that the business will report sales of $159.99 million, with estimates ranging from $155.48 million to $164.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover iPic Entertainment.

iPic Entertainment (NASDAQ:IPIC) last released its quarterly earnings data on Tuesday, November 6th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.25). The firm had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $33.38 million.

A number of research analysts recently weighed in on the stock. Telsey Advisory Group lowered shares of iPic Entertainment from an “outperform” rating to a “market perform” rating and cut their target price for the company from $15.50 to $8.00 in a report on Wednesday, November 7th. Zacks Investment Research raised shares of iPic Entertainment from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Roth Capital cut their target price on shares of iPic Entertainment from $18.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, November 7th. Finally, Barrington Research reissued a “buy” rating and issued a $9.00 target price on shares of iPic Entertainment in a report on Tuesday, August 21st.

An institutional investor recently bought a new position in iPic Entertainment stock. Vanguard Group Inc. bought a new stake in iPic Entertainment Inc (NASDAQ:IPIC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 37,683 shares of the company’s stock, valued at approximately $231,000. Vanguard Group Inc. owned approximately 0.33% of iPic Entertainment as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.40% of the company’s stock.

iPic Entertainment stock opened at $3.40 on Friday. iPic Entertainment has a 1 year low of $3.00 and a 1 year high of $17.00.

iPic Entertainment Company Profile

iPic Entertainment Inc operates restaurants and theaters in the United States. The company operates casual restaurants, farm-to-glass full-service bars, and theater auditoriums with in-theater dining. It operates restaurants under the City Perch Kitchen + Bar, Tanzy, The Tuck Room, The Tuck Room Tavern, and iPic Express brands.

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Earnings History and Estimates for iPic Entertainment (NASDAQ:IPIC)

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