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

Hall of Fame Resort & Entertainment Co

13/08/2024 02:23

* Hall of Fame Resort & Entertainment Co  HOFV.OQ  reported
a
quarterly adjusted loss of $2.41​​ per share for the quarter
ended in June, lower than the same quarter last year, when the
company reported EPS of $-2.39.  The mean expectation of
two analysts for the quarter was for a loss of $2.71 per share.
Wall Street expected results to range from $-2.76 to $-2.67 per
share.
    * Revenue fell 23.3% to $4.70 million from a year ago;
analysts
expected $5.32 million. 
    * Hall of Fame Resort & Entertainment Co's reported EPS for
the
quarter was a loss of $2.41​.
    * The company reported a quarterly loss of $15.76 million.
    * Hall of Fame Resort & Entertainment Co shares had fallen
by 12.8% this quarter and lost 22.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
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 $10.00 
This summary was machine generated from LSEG data August 13 at
01:23 a.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      -2.71          -2.41          Beat
 Mar. 31 2024      -2.76          -2.30          Beat
 Dec. 31 2023      -2.60          -1.72          Beat
 Sep. 30 2023      -2.48          -2.89          Missed