TKO Group Holdings Q2 2024 GAAP EPS $0.72 Misses $0.91 Estimate, Sales $851.200M Beat $771.313M Estimate
Portfolio Pulse from Benzinga Newsdesk
TKO Group Holdings (NYSE:TKO) reported Q2 2024 earnings per share (EPS) of $0.72, missing the analyst estimate of $0.91 by 20.88%. However, the company reported sales of $851.2 million, beating the estimate of $771.313 million by 10.36%. This represents a 178.90% increase over the same period last year.
August 08, 2024 | 11:17 am
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TKO Group Holdings reported Q2 2024 EPS of $0.72, missing the $0.91 estimate by 20.88%. However, sales of $851.2M beat the $771.313M estimate by 10.36%, a 178.90% YoY increase.
The mixed results, with EPS missing but sales significantly beating estimates, create a neutral short-term outlook. The strong sales growth is a positive indicator, but the EPS miss may cause some investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100