iPic Entertainment (IPIC) Releases Quarterly Earnings Results, Misses Expectations By $0.25 EPS

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iPic Entertainment (NASDAQ:IPIC) posted its quarterly earnings data on Tuesday. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.25), Yahoo Finance reports. The firm had revenue of $31.74 million during the quarter, compared to analysts’ expectations of $33.38 million. iPic Entertainment updated its FY 2018 guidance to EPS and its Q4 2018 guidance to EPS.

Shares of NASDAQ:IPIC traded down $0.95 during midday trading on Wednesday, hitting $5.26. The company had a trading volume of 13,623 shares, compared to its average volume of 2,562. iPic Entertainment has a 12-month low of $5.40 and a 12-month high of $17.00.

Several research firms have recently commented on IPIC. Zacks Investment Research upgraded iPic Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Barrington Research restated a “buy” rating and issued a $9.00 price objective on shares of iPic Entertainment in a research note on Tuesday, August 21st. Telsey Advisory Group lowered iPic Entertainment from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $15.50 to $8.00 in a research note on Wednesday. Finally, Roth Capital reduced their price objective on iPic Entertainment from $18.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday.

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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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