Reservoir Media, Inc. (RSVR) Q3 Earnings and Revenues Beat Estimates

Core Insights - Reservoir Media, Inc. (RSVR) reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, compared to break-even earnings per share a year ago, resulting in an earnings surprise of 166.67% [1] - The company posted revenues of $42.3 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 14.46%, and showing an increase from year-ago revenues of $35.48 million [2] - Reservoir Media shares have underperformed the market, losing about 10.2% since the beginning of the year, while the S&P 500 has gained 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $40.68 million, and for the current fiscal year, it is $0.07 on revenues of $152.62 million [7] - The estimate revisions trend for Reservoir Media is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Media Conglomerates industry, to which Reservoir Media belongs, is currently in the top 35% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Another company in the same industry, Endeavor Group (EDR), is expected to report quarterly earnings of $0.36 per share, reflecting a year-over-year change of +125%, with revenues anticipated to be $1.5 billion, down 5% from the year-ago quarter [9][10]