Emerald Holding Inc reports results for the quarter ended in June - Earnings Summary

Emerald Holding

07/08/2024 15:23

* Emerald Holding Inc  EEX.N  reported a quarterly adjusted
loss
of 30 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -29 cents.  The mean expectation of two analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -30 cents to -3 cents per share.
    * Revenue fell 0.6% to $86.00 million from a year ago;
analysts
expected $87.00 million. 
    * Emerald Holding Inc's reported EPS for the quarter was a
loss
of 30 cents​.
    * The company reported a quarterly loss of $2.8 million.
    * Emerald Holding Inc shares had fallen by 16.3% this
quarter and
lost 20.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Emerald Holding
Inc is $9.10 
This summary was machine generated from LSEG data August 7 at
02:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.16          -0.30          Missed
 Mar. 31 2024      0.01           0.00           Missed
 Dec. 31 2023      0.06           -0.46          Missed
 Sep. 30 2023      -0.32          0.00           Beat