Reservoir MediaNASDAQ: RSVR

Reservoir Media (RSVR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Reservoir Media, Inc. (RSVR) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.06 per share a year ago.

Double-Digit Annual Revenue Growth in Both Segments, Surpassing Full Year Outlook Acquired Publishing & Recorded Rights of Legendary Artists and Emerging Talent Across Genres Fiscal 2025 Financial Outlook Expects Mid-Single Digit Revenue and Adjusted EBITDA Growth at the Mid-Point NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced financial results for the fourth quarter and full year for fiscal 2024 ended March 31, 2024. Fiscal Year 2024 Highlights: Revenue of $144.9 million, increased 14% organically, or 18% including acquisitions year-over-year Music Publishing Revenue increased 15% year-over-year Recorded Music Revenue increased by 22% year-over-year Operating Income of $24.6 million, an increase of 17% year-over-year OIBDA (“Operating Income Before Depreciation & Amortization”) of $49.6 million, an increase of 15% year-over-year Net Income $0.8 million, or $0.01 per diluted share, 3 cents below the prior year period Adjusted EBITDA of $55.6 million, up 20% year-over-year Executed publishing deals with rock legend Joe Walsh and viral rapper Armani White Signed songwriting and producing talents Steph Jones, Rob Ragosta, Willy Will Yanez, and Jonah Summerfield Acquired catalogs of four of the founding members of R&B pioneers The Spinners, Latin music icon Rudy Perez, and multi-Platinum hip-hop producer Mannie Fresh Continued expansion into emerging markets with new investments including Lebanese star and “Queen of Arab Pop” Nancy Ajram, Egyptian content production and distribution company RE Media, Egyptian rap duo El Sawareekh, and Saudi Arabian hip-hop label Mashrex Fourth Quarter 2024 & Recent Highlights: Revenue of $39.1 million, increased 8% organically, or 12% including acquisitions year-over-year Music Publishing Revenue increased 14% year-over-year Recorded Music Revenue increased by 3% year-over-year Operating Income of $8.8 million, increased 2% year-over-year OIBDA of $15.1 million, an increase of 5% year-over-year Net Income of $2.9 million versus $2.3 million in the year ago period, or $0.04 per diluted share Adjusted EBITDA of $16.0 million, an increase of 6% year-over-year Announced publishing deals with American rock band Kings of Leon and indie-rock singer-songwriter Katie Pruitt Acquired the catalog of 2Pac collaborator Big D Evans Celebrated the 35ᵗʰ anniversary of De La Soul's groundbreaking album 3 Feet High and Rising Management Commentary: “Our fiscal year 2024 was hallmarked by many important milestones with the additions of several award-winning and legendary artists and songwriters to our roster, culminating in record-setting total revenue and total operating income for the full year.

Reservoir Media (RSVR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Reservoir Media, Inc. (NASDAQ: RSVR), an acclaimed independent music company, will report its financial results for the fourth quarter and fiscal year 2024 ending on March 31, 2024, before the market opens on Thursday, May 30, 2024.

Reservoir Media, Inc. (RSVR) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to break-even earnings per share a year ago.

NEW YORK , Jan. 25, 2024 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced that it will release financial results for the third fiscal quarter ended December 31, 2023, before market open on Wednesday, February 7, 2024.

Reservoir Media, Inc. (NASDAQ:RSVR ) Q2 2024 Results Conference Call November 7, 2023 10:00 AM ET Company Participants Jackie Marcus - Alpha IR Group Golnar Khosrowshahi - Founder and CEO Jim Heindlmeyer - CFO Conference Call Participants Dan Day - B. Riley Securities Richard Baldry - ROTH Capital Alex Fuhrman - Craig-Hallum Capital Group Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Reservoir Media's Financial Results for the second quarter of fiscal year 2024 ended September 30, 2023.

NEW YORK, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today announced that it will release financial results for the second fiscal quarter ended September 30, 2023, before market open on Tuesday, November 7, 2023.