Endeavor Gr Hldgs Q2 EPS $(0.70) Misses $0.50 Estimate, Sales $1.75B Miss $1.90B Estimate
Portfolio Pulse from Benzinga Newsdesk
Endeavor Group Holdings (EDR) reported a Q2 EPS of $(0.70), missing the estimate of $0.50. Sales were $1.75 billion, also missing the $1.90 billion estimate.
August 08, 2024 | 1:03 pm
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Endeavor Group Holdings (EDR) reported a significant earnings miss with a Q2 EPS of $(0.70) against an estimate of $0.50. Additionally, sales of $1.75 billion fell short of the $1.90 billion estimate.
The significant miss on both EPS and sales estimates is likely to negatively impact EDR's stock price in the short term. Investors may react to the underperformance, leading to a potential sell-off.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100