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Hall of Fame Resort & Entertainment (HOFV)
NASDAQ:HOFV
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$2.04Last Year’s EPS
-$3.27Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -10.40%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted successful large-scale events and operational improvements, but was overshadowed by a year-over-year revenue decline and lower guidance for 2024. Despite progress in media and debt restructuring, significant challenges remain in finalizing Phase 2 developments.Company Guidance
During the Hall of Fame Resort & Entertainment Company's Q2 2024 earnings call, the company provided updated guidance, projecting annual revenue between $20 million and $22 million, and an adjusted EBITDA loss in the mid-teens millions range. This revision reflects challenges in stabilizing their event portfolio and delays in capitalizing on new assets like the water-park. The second quarter revenue was reported at $4.7 million, down from $6.1 million the previous year, primarily due to a different mix of events. However, the company achieved an improved adjusted EBITDA of minus $4.2 million compared to minus $6.2 million last year, attributed to decreased operating expenses and improved operational efficiencies. The company also successfully restructured $21 million in debt and secured additional financing, reflecting efforts to optimize their balance sheet and support growth amidst a challenging credit environment.Successful Large-Scale Events
The company hosted numerous successful events including the NFL FLAG football event, American Cornhole League Championship, and Concert for Legends with Carrie Underwood, generating record weeks in food, beverage, and ride revenue.
Operational Efficiency Improvements
Operational efficiencies have been improved, leading to a smaller adjusted EBITDA loss of $4.2 million compared to $6.2 million in the same period last year.
Media Segment Growth
The media segment has 50% more projects compared to the previous year, with shows like 'Hometown Heroes' and 'The GOAT Code' premiering soon.
Debt Restructuring Success
Restructured $21 million of local community loans to more favorable terms and extended $49 million of debt maturity to March 2025.
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Hall of Fame Resort & Entertainment (HOFV) Earnings, Revenues Date & History
HOFV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HOFV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $1.25 | $1.41 | +12.80% |
| Aug 12, 2024 | $2.39 | $2.33 | -2.51% |
| May 13, 2024 | $3.14 | $3.11 | -0.96% |
| Mar 20, 2024 | $3.61 | $3.73 | +3.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hall of Fame Resort & Entertainment (HOFV) report earnings?
Hall of Fame Resort & Entertainment (HOFV) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Hall of Fame Resort & Entertainment (HOFV) earnings time?
Hall of Fame Resort & Entertainment (HOFV) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HOFV EPS forecast?
HOFV EPS forecast for the fiscal quarter 2024 (Q4) is -$2.04.
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