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Emerald Expositions Events Inc (EEX)
NYSE:EEX
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.05Last Year’s EPS
-$0.39Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 3.14%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects ongoing challenges, including reduced full-year guidance and content business underperformance. However, there are positive trends such as strong adjusted EBITDA growth, improved credit ratings, and robust pacing into 2025. The sentiment is mixed, with balanced highlights and lowlights.Company Guidance
During the earnings call for Q3 2024, Emerald's management provided guidance that included revised projections for full-year revenue and adjusted EBITDA, now expected to be at least $400 million and $100 million, respectively. This adjustment reflects the impact of discontinuing 20 unprofitable events, which previously accounted for $20 million in historic run-rate revenue. The company's actions are part of a broader strategy to optimize its portfolio for better growth and profitability, with expectations of solid revenue growth and margin expansion returning in 2025. Despite these challenges, Emerald's existing show portfolio remains robust, with pacing into 2025 showing stronger and more broad-based growth compared to the previous year. Additionally, the company highlighted improvements in their free cash flow, which benefited from a 50 basis point reduction in interest rates by the Federal Reserve, impacting $410 million of term loans. Furthermore, Emerald reported a net leverage ratio of 2.11x and executed share repurchases, with an expanded buyback program authorized for up to $25 million through December 2025.Positive Adjusted EBITDA Growth
Third quarter adjusted EBITDA, excluding insurance proceeds, grew 56.3% or $4.5 million to $12.5 million versus the prior quarter, equating to an adjusted EBITDA margin of approximately 17.2%.
Strong First Half 2025 Pacing
The pacing into the first half of 2025 is stronger and more broad-based than at the same point last year, suggesting solid revenue growth and margin expansion due to portfolio optimization efforts.
Improved Credit Rating
S&P upgraded Emerald's debt from a B rating to B+, reinforcing the strength of the company's model and liquidity position.
Share Buyback and Dividend Declaration
During the third quarter, 743,000 shares were repurchased for $3.6 million, with an extension for up to $25 million through 2025. A regular quarterly dividend of $0.015 per share was declared.
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EEX 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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EEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $4.64 | $4.10 | -11.64% |
| Aug 07, 2024 | $4.73 | $5.15 | +8.88% |
| May 07, 2024 | $5.76 | $5.71 | -0.87% |
| Feb 29, 2024 | $6.45 | $5.33 | -17.36% |
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 Emerald Expositions Events Inc (EEX) report earnings?
Emerald Expositions Events Inc (EEX) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Emerald Expositions Events Inc (EEX) earnings time?
Emerald Expositions Events Inc (EEX) earnings time is at Feb 13, 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 EEX EPS forecast?
EEX EPS forecast for the fiscal quarter 2024 (Q4) is $0.05.
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