Vivid Seats Inc reports results for the quarter ended in September 30 - Earnings Summary

Vivid Seats

07/11/2024 14:44

* Vivid Seats Inc  SEAT.OQ  reported quarterly adjusted
earnings
of 4 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from -5 cents to 8 cents per share.
    * Revenue fell 0.8% to $186.61 million from a year ago;
analysts
expected $184.16 million. 
    * Vivid Seats Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $5.3 million.
    * Vivid Seats Inc shares had risen by 11.1% this quarter and
lost 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Vivid Seats Inc
is $7.38 
This summary was machine generated from LSEG data November 7 at
02:43 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
 Sep. 30 2024      0.02           0.04           Beat
 Jan. 1 0001       0.06           -0.01          Missed
 Mar. 31 2024      0.06           0.04           Missed
 Dec. 31 2023      0.05           0.09           Beat