Viad Corp reports results for the quarter ended in March - Earnings Summary

Pursuit Attractions and Hospitality

03/05/2024 17:56

* Viad Corp  VVI.N  reported a quarterly adjusted loss of
$1.13​​
per share for the quarter ended in March, higher than the same
quarter last year, when the company reported EPS of $-1.15.  The
mean expectation of four analysts for the quarter was for a loss
of $1.07 per share. Wall Street expected results to range from
$-1.18 to -97 cents per share.
    * Revenue rose 4.9% to $273.50 million from a year ago;
analysts
expected $269.52 million. 
    * Viad Corp's reported EPS for the quarter was a loss of
$1.29​.
    * The company reported a quarterly loss of $25.12 million.
    * Viad Corp shares had fallen by 10.6% this quarter and
lost 2.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 Viad Corp is
$50.00 
This summary was machine generated from LSEG data May 3 at 04:55
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
 Mar. 31 2024      -1.07          -1.13          Missed
 Dec. 31 2023      -0.76          -0.79          Missed
 Sep. 30 2023      1.27           1.49           Beat
 Jun. 30 2023      0.32           0.36           Beat