Loop Media, Inc. (NYSEAMERICAN:LPTV) to Post Q3 2024 Earnings of ($0.09) Per Share, B. Riley Forecasts

Loop Media, Inc. (NYSEAMERICAN:LPTV) – Equities researchers at B. Riley reduced their Q3 2024 earnings per share (EPS) estimates for Loop Media in a research note issued on Monday, May 6th. B. Riley analyst E. Wold now anticipates that the company will post earnings of ($0.09) per share for the quarter, down from their prior estimate of ($0.08). B. Riley has a “Buy” rating and a $1.50 price objective on the stock. The consensus estimate for Loop Media’s current full-year earnings is ($0.34) per share. B. Riley also issued estimates for Loop Media’s Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.33) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.19) EPS.

Loop Media Price Performance

Shares of LPTV stock opened at $0.24 on Wednesday. Loop Media has a 12 month low of $0.22 and a 12 month high of $4.52. The stock has a market capitalization of $16.98 million, a P/E ratio of -0.50 and a beta of 1.85.

Loop Media (NYSEAMERICAN:LPTV) last released its quarterly earnings results on Friday, May 3rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The firm had revenue of $4.00 million for the quarter, compared to analyst estimates of $6.42 million.

Institutional Trading of Loop Media

A hedge fund recently raised its stake in Loop Media stock. Thoroughbred Financial Services LLC grew its stake in Loop Media, Inc. (NYSEAMERICAN:LPTV) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Thoroughbred Financial Services LLC owned 0.12% of Loop Media worth $70,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

Loop Media Company Profile

Loop Media, Inc operates as a multichannel digital video platform media company in the United States. The company offers hand-curated music video content licensed from major and independent record labels, including Universal Music Group, Sony Music Entertainment, and Warner Music Group; and non-music video content, which is licensed or acquired from third parties, such as action sports clips, drone and atmospheric footage, trivia, news headlines, lifestyle channels, and kid-friendly videos, as well as movie, television and video game trailers, and other content.