Hall of Fame Resort & Entertainment Co reports results for the quarter ended in December - Earnings Summary

Hall of Fame Resort & Entertainment Co

20/03/2024 21:40

* Hall of Fame Resort & Entertainment Co  HOFV.OQ  reported
a
quarterly adjusted loss of $1.72​​ per share for the quarter
ended in December, higher than the same quarter last year, when
the company reported EPS of $-3.49.  The mean expectation of
two analysts for the quarter was for a loss of $2.60 per share.
Wall Street expected results to range from $-2.99 to $-2.22 per
share.
    * Revenue rose 143.2% to $6.14 million from a year ago;
analysts
expected $5.48 million. 
    * Hall of Fame Resort & Entertainment Co's reported EPS for
the
quarter was a loss of $3.20​.
    * The company reported a quarterly loss of $19.17 million.
    * Hall of Fame Resort & Entertainment Co shares had risen
by 8.6%
this quarter.

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 hotels,
motels &
cruise lines peer group is also "buy"

Wall Street's median 12-month price target for Hall of Fame
Resort & Entertainment Co is $12.00 
This summary was machine generated from LSEG data March 20 at
09:39 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
 Dec. 31 2023      -2.60          -1.72          Beat
 Sep. 30 2023      -2.48          -2.89          Missed
 Jun. 30 2023      -2.22          -2.39          Missed
 Mar. 31 2023      -2.27          -3.48          Missed