Algorhythm Q2 EPS Lifted by Litchfield Hills Research

Algorhythm Holdings, Inc. (NASDAQ:RIME – Free Report) – Equities research analysts at Litchfield Hills Research boosted their Q2 2026 earnings per share estimates for shares of Algorhythm in a report released on Tuesday, June 2nd. Litchfield Hills Research analyst T. O’neill now anticipates that the company will post earnings per share of ($0.36) for the quarter, up from their prior estimate of ($0.79). The consensus estimate for Algorhythm’s current full-year earnings is ($3.05) per share. Litchfield Hills Research also issued estimates for Algorhythm’s Q3 2026 earnings at ($0.36) EPS, Q4 2026 earnings at ($0.35) EPS, FY2026 earnings at ($1.55) EPS, Q1 2027 earnings at ($0.35) EPS, Q2 2027 earnings at ($0.31) EPS, Q3 2027 earnings at ($0.23) EPS, Q4 2027 earnings at ($0.18) EPS and FY2027 earnings at ($1.07) EPS.

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Algorhythm (NASDAQ:RIME – Get Free Report) last announced its earnings results on Wednesday, April 1st. The company reported ($1.97) EPS for the quarter. The company had revenue of $1.37 million during the quarter.

RIME has been the topic of a number of other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Algorhythm in a report on Wednesday, May 20th. Wall Street Zen raised Algorhythm from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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Algorhythm Stock Performance

Shares of Algorhythm stock opened at $0.73 on Friday. Algorhythm has a one year low of $0.54 and a one year high of $4.58. The stock’s fifty day moving average is $0.92 and its 200 day moving average is $1.24. The stock has a market cap of $11.30 million, a P/E ratio of -0.50 and a beta of -0.27.

About Algorhythm

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Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.

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