RCI Hospitality Holdings First Quarter 2024 Earnings: EPS Misses Expectations
RCI Hospitality Holdings (NASDAQ:RICK) First Quarter 2024 Results
Key Financial Results
Revenue: US$73.9m (up 5.6% from 1Q 2023).
Net income: US$7.23m (down 29% from 1Q 2023).
Profit margin: 9.8% (down from 15% in 1Q 2023).
EPS: US$0.77 (down from US$1.11 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RCI Hospitality Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 8.6% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with RCI Hospitality Holdings.
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