Endeavor Group (EDR) Q3 Earnings and Revenues Lag Estimates
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Endeavor Group (EDR) reported Q3 earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.62 per share, and down from $0.48 per share a year ago.
November 07, 2024 | 3:45 pm
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NEGATIVE IMPACT
Endeavor Group's Q3 earnings were $0.17 per share, significantly below the expected $0.62 and last year's $0.48, indicating potential short-term negative impact on stock price.
The significant miss in earnings per share compared to both the estimate and the previous year's performance suggests a negative market reaction. Investors may view this as a sign of underperformance, leading to potential short-term selling pressure on EDR stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100