Endeavor Gr Hldgs Q1 2024 GAAP EPS $(0.46) Misses $0.13 Estimate, Sales $1.850B Miss $1.892B Estimate
Portfolio Pulse from Benzinga Newsdesk
Endeavor Group Holdings (NYSE:EDR) reported a Q1 2024 GAAP EPS of $(0.46), missing the $0.13 estimate, representing a 453.85% miss and a 1633.33% decrease from the previous year's earnings. Quarterly sales were $1.850 billion, missing the $1.892 billion estimate by 2.21%, yet marking a 15.84% increase from the previous year.
May 09, 2024 | 12:21 pm
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NEGATIVE IMPACT
Endeavor Group Holdings reported significant misses in both EPS and sales estimates for Q1 2024, with a drastic decrease in earnings compared to last year.
The substantial miss in both EPS and sales estimates, especially the unexpected shift from a profit to a loss compared to the same period last year, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance are critical factors in this analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100