Hall Of Fame Resort: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Hall Of Fame Resort (NASDAQ:HOFV) reported Q4 earnings with an EPS of $-3.2, missing estimates by -23.0% against an expected $-2.6. Revenue increased by $3.61 million from the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 1.0% drop in share price the following day.
March 20, 2024 | 8:55 pm
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Hall Of Fame Resort reported a significant miss in Q4 earnings with an EPS of $-3.2 against an estimate of $-2.6, and a revenue increase from the previous year.
Given HOFV's history of missing EPS estimates and the subsequent negative impact on its share price, as evidenced by a 1.0% drop following last quarter's earnings miss, it's likely that this quarter's miss could also lead to a short-term decline in share price. The revenue increase may provide some buffer, but the significant miss on EPS is expected to have a more pronounced negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100