Endeavor (EDR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Endeavor Group (EDR) reported $1.44 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 9.4%. EPS of -$0.19 for the same period compares to $0.32 a year ago.
The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of $1.42 billion. With the consensus EPS estimate being $0.31, the EPS surprise was -161.29%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Endeavor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Owned Sports Properties: $340.09 million compared to the $341.34 million average estimate based on four analysts.
Revenue- Events, Experiences & Rights: $591.08 million compared to the $637.54 million average estimate based on four analysts.
Revenue- Sports Data & Technology: $130.57 million versus the four-analyst average estimate of $96.73 million.
Revenue- Eliminations: -$6.67 million compared to the -$6.07 million average estimate based on four analysts.
Revenue- Representation: $381.15 million compared to the $380.19 million average estimate based on four analysts.
Adjusted EBITDA- Owned Sports Properties: $179.23 million versus the two-analyst average estimate of $170.21 million.
Adjusted EBITDA- Events, Experiences & Rights: $76.58 million versus $88.89 million estimated by two analysts on average.
Adjusted EBITDA- Sports Data & Technology: $13.74 million versus $11.92 million estimated by two analysts on average.
Adjusted EBITDA- Corporate: -$71.79 million versus the two-analyst average estimate of -$72.83 million.
Adjusted EBITDA- Representation: $107.15 million versus $99.03 million estimated by two analysts on average.
View all Key Company Metrics for Endeavor here>>>
Shares of Endeavor have returned +1.7% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Endeavor Group Holdings, Inc. (EDR) : Free Stock Analysis Report
