iPic Entertainment Inc (IPIC) Expected to Post Quarterly Sales of $36.21 Million

Analysts predict that iPic Entertainment Inc (NASDAQ:IPIC) will report $36.21 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for iPic Entertainment’s earnings, with the lowest sales estimate coming in at $35.09 million and the highest estimate coming in at $37.33 million. The firm is expected to announce its next earnings results after the market closes on Wednesday, August 8th.

On average, analysts expect that iPic Entertainment will report full year sales of $146.00 million for the current fiscal year, with estimates ranging from $144.87 million to $147.14 million. For the next year, analysts anticipate that the business will report sales of $181.74 million per share, with estimates ranging from $174.58 million to $188.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow iPic Entertainment.

iPic Entertainment (NASDAQ:IPIC) last posted its earnings results on Tuesday, May 15th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.32. The firm had revenue of $37.26 million during the quarter, compared to analyst estimates of $34.74 million.

Separately, Zacks Investment Research lowered iPic Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, April 25th.

iPic Entertainment traded up $0.14, hitting $7.05, during trading hours on Friday, Marketbeat.com reports. The stock had a trading volume of 9,600 shares, compared to its average volume of 14,676. The company has a debt-to-equity ratio of -0.77, a current ratio of 0.63 and a quick ratio of 0.59. iPic Entertainment has a 1-year low of $5.91 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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