TKO Group Holdings Q1 2024 GAAP EPS $(1.26), Sales $629.700M Beat $611.644M Estimate
Portfolio Pulse from Benzinga Newsdesk
TKO Group Holdings reported Q1 2024 results with a GAAP EPS of $(1.26), missing the consensus estimate of $0.36 by 450%. However, their sales of $629.7M exceeded the $611.644M estimate by 2.95%, marking a 105.31% increase from the previous year.
May 08, 2024 | 8:52 pm
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TKO Group Holdings missed EPS estimates but exceeded sales forecasts in Q1 2024, showing significant sales growth compared to last year.
The significant miss in EPS estimates could negatively impact investor sentiment and stock price in the short term. However, the substantial beat in sales forecasts and the impressive year-over-year sales growth could offset some of the negative impact. The mixed results present a neutral outlook in the short term as investors weigh the underperformance in profitability against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100