Financial News
Endeavor (EDR) Q3 Earnings Report Preview: What To Look For
Global talent agency and entertainment company Endeavor (NYSE:EDR) will be reporting earnings tomorrow morning. Here’s what to expect.
Endeavor missed analysts’ revenue expectations by 9.1% last quarter, reporting revenues of $1.75 billion, up 21.9% year on year. It was a softer quarter for the company, with a miss of analysts’ operating margin estimates.
Is Endeavor a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Endeavor’s revenue to grow 60% year on year to $2.15 billion, improving from the 10.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Endeavor has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Endeavor’s peers in the media segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Scholastic delivered year-on-year revenue growth of 3.8%, beating analysts’ expectations by 1.6%, and fuboTV reported revenues up 20.3%, topping estimates by 2.5%. Scholastic traded up 6% following the results while fuboTV was down 17%.
Read our full analysis of Scholastic’s results here and fuboTV’s results here.
There has been positive sentiment among investors in the media segment, with share prices up 3.3% on average over the last month. Endeavor’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $27.50 (compared to the current share price of $29).
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